5709 N Michigan Ave

Kansas City, MO 64118
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3 bd, 2 ba | 1,461 sqft | Built in 1958

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List Price
$209,900

Initial Investment

$57,198

Purchase Price

$209,900

Down Payment

25%

Rent

$1,610

Total Return

$113,180

Annualized Return

24.4%

Cap Rate

5.7%

Gross Yield

9.2%

Cash Flow

-$212

Appreciation

9.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,454

HOA

None

Flood Risk

Not Required

Cute Gladstrone true ranch on a quiet cul-de-sac. Extra wide driveway for additional off-street parkiing. Windows replaced 2 years ago (excluding the family room). The family room on the back of the home was added on to the origional house and laundry is on that level. Hardwoods run through most of the main level. The Hollywood bath is shared with the master bedroom, so both bathrooms have access to the shower.

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

Annual Financial Highlights

Expected Rent

$18,354

Expenses

-$3,305

Property Taxes

-$3,850

Loan Payments

-$11,411

Net Cash Flow

-$212

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:Dave Baldwin
Agent License 2000156142
Platinum Realty LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceHeartland MLS
MLS #2501106
Last Updated: 07/25/2024 14:07
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