347 Norton Ave

Kansas City, MO 64124
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3 bd, 1 ba | 1,631 sqft | Built in 1911

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List Price
$180,000

Initial Investment

$49,050

Purchase Price

$180,000

Down Payment

25%

Rent

$1,240

Total Return

$83,950

Annualized Return

21.5%

Cap Rate

5.0%

Gross Yield

8.3%

Cash Flow

-$1,316

Appreciation

8.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,012

HOA

None

Flood Risk

Not Required

Step into this 3-bedroom, 1-bath Craftsman-style home brimming with character and timeless appeal. From the moment you arrive, you'll be greeted by the inviting front porch—perfect for relaxing and enjoying the neighborhood. Inside, the home showcases classic Craftsman details, including rich wood trim, and hardwood floors that add warmth and charm throughout.
The living areas are perfect for both casual living and entertaining. A cozy dining area flows seamlessly into the kitchen, which offers plenty of cabinet space and the opportunity to customize for your needs. The three bedrooms offer a peaceful retreat, with ample natural light and closet space.
Unique to this home is the finished attic space, which provides excellent potential for expansion or creative use, whether as an additional bedroom, office, or playroom.
Outside, the property features a detached 2-car garage, offering convenient parking and storage. The garage also has exciting potential—with the ability to add exterior living space on top, providing the perfect spot for a rooftop retreat.
With its Craftsman charm, functional layout, and future potential, this home offers a rare opportunity to create your ideal living space while enjoying the character and beauty of a timeless style. Don't miss out—schedule your showing today!

See more in Analysis
Caleb Brown
eXp Realty LLC (Caleb Brown-MO)
MO Agent License #2018018941

Annual Financial Highlights

Expected Rent

$14,136

Expenses

-$2,516

Property Taxes

-$3,150

Loan Payments

-$9,786

Net Cash Flow

-$1,316

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:Ferryl LeDuff
Agent License 2015003649
Chartwell Realty LLC
Certified Agent Brokerage:Caleb Brown
eXp Realty LLC (Caleb Brown-MO)
MO Brokerage License 2016012645
SourceHeartland MLS
MLS #2518783
Last Updated: 11/08/2024 07:11
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