$90,000 Price$1,800 Total monthly rent ($475 x 2, $425 x 2)$180 10% Property Management$180 10% Vacancy$90 5% maintenance$103 Insurance (American Modern Insurance Co.)$110 Taxes------------------------------------------$1,137 monthly cash flow $13,644 Yearly Cash Flow15% ROI Conservatively2 Units: 2 bed 1 bath $475 moOne of the tenants has been there over 12 years2 Units: 1 bed 1 bath $425 moOne unit is currently vacant and rent readyThis is in the Independence School district. It is two blocks away from Procter Elementary School, a Gold Star school by Missouri's Department of Elementary and Secondary Education. It is also blocks away from the AMTRAK station. The current rents are approximately $100 a month below market price and are all on a month to month lease. Newer Electrical, newer exterior paint, new stairs, new windows, there is parking in the back freshly painted, everything is separately metered except for the water. Water bill is $90 a month total.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
