Cash Flow Properties

September 14, 2008 at 6:12 pm Leave a comment

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