7308 Melrose Ln

Shawnee, KS 66203
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4 bd, 2 ba | 2,484 sqft | Built in 1959

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List Price
$250,000

Initial Investment

$68,125

Purchase Price

$250,000

Down Payment

25%

Rent

$1,930

Total Return

$112,157

Annualized Return

21.9%

Cap Rate

6.1%

Gross Yield

9.3%

Cash Flow

$706

Appreciation

7.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,454

HOA

None

Flood Risk

Not Required

Same family ownership for over 34 years! Cute House in Tomahawk Hills! Easy access to I-35! This home has a lot of square footage and a great sized yard! Attached garage and fireplace! Newer roof! Several interior updates. Don't miss out on this opportunity! All kitchen appliances, washer and dryer and large gray cabinet in living room are staying with the home.

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$22,002

Expenses

-$3,974

Property Taxes

-$3,730

Loan Payments

-$13,591

Net Cash Flow

$706

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Kris Smith
Agent License 2010040935
Keller Williams KC North
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceHeartland MLS
MLS #2532797
Last Updated: 02/26/2025 17:02
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.