Archive for April, 2011
3225 Holmes
3225 Holmes Kansas City, MO 64109
Property Features
2 Bedrooms
1 Baths
850 sqft
Currently being rented for $834
APPRAISED VALUE
YOUR PURCHASE PRICE
$57,000
$48,000
INVESTMENT STRATEGY:
25% Down Payment
Loan Amount
Closing Costs
$12,000
$36,000
$3,400
Total Out of Pocket at Closing: $15,400
Mortgage payment (based on 7% interest):
Taxes and Insurance:
$293.51
$150
Monthly Costs: $456.51
Current Rental Agreement
8% Management fee
Actual Rental Income
$834
$67
$767
Monthly Cash Flow $377.49
ROI: 29.4%
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