820 S Cottage St

Independence, MO 64050
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3 bd, 1 ba | 1,200 sqft | Built in 1925

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List Price
$150,000

Initial Investment

$40,875

Purchase Price

$150,000

Down Payment

25%

Rent

$1,050

Total Return

$71,418

Annualized Return

21.9%

Cap Rate

5.1%

Gross Yield

8.4%

Cash Flow

-$1,035

Appreciation

8.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

17,424

HOA

None

Flood Risk

Not Required

Welcome to this darling bungalow situated on an impressive nearly half-acre lot. This cozy 3 bedroom, 1 bath home boasts a spacious and updated kitchen, a living room with wood floors and the convenience of main floor laundry. There are 2 bedrooms and 1 bathroom on the main floor. The versatile second level offers endless possibilities--use it as a spacious 3rd bedroom, a playroom, office or an additional living space. Step outside to your spacious and tranquil backyard, lined with trees. This home is located just minutes from the Independence Square, where you'll enjoy local shops, dining and entertainment. Don't miss out on the perfect blend of charm, space and convenience.

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

Annual Financial Highlights

Expected Rent

$11,970

Expenses

-$2,250

Property Taxes

-$2,600

Loan Payments

-$8,155

Net Cash Flow

-$1,035

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:Heather Wells
Agent License 1999121835
Heather Wells
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceHeartland MLS
MLS #2501159
Last Updated: 07/26/2024 06:07
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