Owner Financed ~ Rental Investments with Great Cashflow
May consider owner financing 80% asking price at prime plus 1.95 (6.95% now) & 5 year balloon.
3 bed 1 bath house
Price 65000
Rented 750
4 bed 1 bath house
Price 60000
Rented 725
For more info, please contact JENNY: info@vantagerei.com
Cash Flow Properties
6214 S. Benton Avenue, Kansas City, MO 64130
$231 per month Positive Cash Flow!
3 Bed 1 Bath
Rent $750 per month
Section 8
Asking Price: $65,000
After Repair Value: $85,000
Equity: $20,000 (23.5%)
Cash Flow Analysis
Loan Amount: $52,000 (20% down)
Annual Mortgage Interest Rate: 7%
Mortgage Term: 30 years
Taxes: $671, Insurance: $500
Monthly Payment (PITI): $443.54
Rent: $750
Property Management Fees: $75
Cash Flow: $231.46 per month
Cash Flow: $231 net cash in your pocket every month, property management fees already taken into consideration!
Large family and living room, large kitchen. Dining room with walk out double door to patio facing spacious back yard, gazebo in back yard, full basement. Convenient location near Research Hospital and Highway 71. Nice and quite residential area. Large master bedroom with plenty of closet space and built in shelves. On prestigious South Benton Avenue. Brand new bathroom, carpet, flooring, double pane windows, furnace, water heater, alarm system, partially new roof.
Property located within the Kansas City Missouri’s Neighborhood Improvement Program. For more information on the benefits of this government revitalization effort please click here.
Key Anchors/Amenities
- Research Hospital & Research Hospital Brookside
- New McDonald and market currently under construction
- New Landing Mall – Payless Shoe Store, etc.
- US Bank
- Walgreens
- Subway, Wendy’s, McDonald, Popeye
- Radio Shack, Auto Zone, Aldi, BP
- Police KCMO Metro Patrol Division and fire department
- University of Missouri Kansas City (UMKC)
- Rockhurst University
Click on map to view larger image
Other Information about 6214 S. Benton
Subdivision: Jost Plaza
Year Built: 1950
Total Sq Ft: 1144
Lot Size: 8712 sf
County: Jackson
Total 2007 Taxes: $671
Story: 1
Basement: Full, concrete
Floor Plan: Ranch
Heating: Central gas
Cooling: Central electric
Sold Comparables
|
MAP |
ADDRESS |
BEDS |
BATHS |
SQ FT |
SOLD DATE |
SOLD PRICE |
|
A |
2809 E MEYER BLVD |
3 |
2 |
1298 |
05/29/2008 |
$88,420 |
|
B |
6132 S BENTON AVE |
3
|
1
|
917
|
05/23/2008
|
$61,018
|
|
C |
6426 INDIANA AVE |
3
|
1
|
1505
|
05/09/2008
|
$114,355
|
|
D |
6324 INDIANA AVE |
3
|
1
|
1242
|
04/28/2008
|
$87,588
|
|
E |
3001 E 65TH ST |
2 |
1 |
924 |
01/31/2008 |
$79,135 |
|
F |
6241 AGNES AVE |
4 |
1 |
1481 |
01/09/2008 |
$70,000 |
|
G |
6319 S BENTON AVE |
2 |
1 |
912 |
12/27/2007 |
$120,414 |
|
H |
6304 COLLEGE AVE |
2 |
1 |
1002 |
12/21/2007 |
$72,352 |
|
I |
6119 S BENTON AVE |
4 |
1 |
1372 |
12/11/2007 |
$79,135 |
This home $ per sq ft: $56.81
Comps average $ per sq ft: $75.11
You save $18.30 per sq ft!
Click on the following links for:
Photos of Home Interior & Exterior
Photos of S. Benton Neighborhood
List of Updates Done to Property
Note: All currency in US Dollars.
Please contact us for more information and to make an offer.
Local 816-799-3718
Toll Free 1-877-696-6575
6620 Lydia SOLD
Thanks everyone. 6620 Lydia is SOLD. If you are looking for similar properties in the area, feel free to email me. I can find it for you.
My email address is: info@vantagerei.com
Wholesale Investment Property Handyman Special Rehab Deal
~New Wholesale Property Available in 64131~
6620 Lydia Ave. Kansas City, Missouri, 64131
1.5 story, single family house, 3 bed 1 bath
Wholesale Price: $22,500
Previously rented for $675/mo
Potential rent after rehab $775-800/mo
We have two contractor estimates for rehab: $12,040 or $15,000
All in cost ~ $37,500
ARV ~ $75,000 (Zestimate $78,500)
Instant equity ~ $37,500
LTV only 50% after rehab
Cash Flow ~ $257 to $370 (100% OPM @ 7% interest)
Check out our website for more info (photos, sold comps, inspection report, etc)
We pay a $500 referal fee if you refer a buyer.
