745 Michigan Ave

Leavenworth, KS 66048
image0

4 bd, 2 ba | 2,680 sqft | Built in 1890

slider image
slider image
slider image
List Price
$199,000

Initial Investment

$54,228

Purchase Price

$199,000

Down Payment

25%

Rent

$1,460

Total Return

$79,703

Annualized Return

19.8%

Cap Rate

5.7%

Gross Yield

8.8%

Cash Flow

-$237

Appreciation

7.1%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,360

HOA

None

Flood Risk

Not Required

Welcome to this beautiful, spacious 2.5 story house in Leavenworth, KS. The property boasts a spacious living areas, tall fabulous ceilings, custom original wood trim, and hardwood floors throughout. The main floor features a formal living room, formal dining room, kitchen, a ¾ bath, and a bonus room that could be used as an office. The interior of the house is freshly painted and has a new modern lighting. Upstairs on the 2nd story there are three bedrooms that all have ceiling fans, hardwood floors, and a full bathroom. All rooms have large windows with lots of natural light. The master bedroom features an enormous walk-in closet! On the 3rd story there is a fourth bedroom with additional living space. The property is fully fenced and the roof was replaced one year ago. New HVAC!! Property also has lots of potential as an investment property or rental. This home will go FHA, VA, Cash, or Conventional. Seller is not interested in rent to own. All taxes and information to be verified by buyer or buyer agent.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$16,644

Expenses

-$2,963

Property Taxes

-$3,100

Loan Payments

-$10,819

Net Cash Flow

-$237

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.

Similar Listings



Listing Courtesy of:Heather Thompson
Agent License 00246459
Realty One Group Encompass
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceHeartland MLS
MLS #2515106
Last Updated: 10/17/2024 17:10
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.