206 S ELLISON WAY

INDEPENDENCE, MO 64050
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3 bd, 3 ba | 2,084 sqft | Built in 1967

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List Price
$275,000

Initial Investment

$74,938

Purchase Price

$275,000

Down Payment

25%

Rent

$1,700

Total Return

$120,992

Annualized Return

20.1%

Cap Rate

4.3%

Gross Yield

7.4%

Cash Flow

-$3,770

Appreciation

8.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,197

HOA

None

Flood Risk

Not Required

Love a Big Deck? So Do We!
Bring your personal touch to this well-maintained ranch home in Northwest Independence on a huge corner lot where space meets style and convenience is just around the corner. Enjoy 3 roomy bedrooms, 2.5 bathrooms, and a wide-open walk-out basement. This home is ready for game nights, movie marathons, or the occasional dance-off (no judgment).
Just off the formal dining room, step outside and fall in love with the massive covered composite deck—the ultimate spot to start your day with a cup of coffee or finally host that legendary summer BBQ you keep talking about. Down below, a fully fenced backyard with a concrete pad is practically begging for a hot tub, fire pit, or next-level outdoor lounge—because well, you deserve it. Worried about storage? Don’t be. The dual garages on opposite ends of the house fit up to three vehicles, all your toys, gear and then some. Location? It doesn’t get much better. Just minutes from hospitals, shopping, movie theaters, gaming venues, and let’s not forget, hockey fans are a slap shot away from Mavericks action! Big decks, big potential, and even bigger possibilities—don't miss out on this move-in ready suburbanite home! Agents please review showing agent remarks.

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

Annual Financial Highlights

Expected Rent

$19,380

Expenses

-$3,450

Property Taxes

-$4,750

Loan Payments

-$14,950

Net Cash Flow

-$3,770

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:Jana Jeffery
Agent License 2016043393
Real Broker, LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceHeartland MLS
MLS #2531008
Last Updated: 02/21/2025 07:02
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