1265 E Butterfield Pl

Olathe, KS 66062
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3 bd, 2.5 ba | 1,898 sqft | Built in 1984

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List Price
$300,000

Initial Investment

$81,750

Purchase Price

$300,000

Down Payment

25%

Rent

$2,140

Total Return

$133,166

Annualized Return

21.6%

Cap Rate

6.0%

Gross Yield

8.6%

Cash Flow

$584

Appreciation

7.5%
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Features

Lot Size

12,134

HOA

None

Flood Risk

Not Required

They sure don’t build them like they used to! Charming and spacious, this 3 bedroom, 2.1 bath brick ranch has it all and it starts in the cute courtyard that draws you in. Once inside you’ll be amazed at all the space. Huge Great Room with soaring ceilings, rich wood trim and a large brick fireplace and mantle. Big Kitchen, with a cooktop built into the island, a built-in microwave and oven, new dishwasher installed in 2022, and plenty of storage for all your cooking needs. The main level laundry room makes doing laundry a breeze. Great sized primary suite with 2 closets, shower, jetted soaker tub & double vanities. Large secondary bedrooms and big hall bath with double vanities and makeup counter. Lower level is ready for the finish with walls in place for 2 non-conforming bedrooms/flex spaces, a big rec room & so much storage. The outdoor spaces are fantastic - step out onto the expanded covered back patio that has access from both the kitchen and great room. All the outdoor things you want – irrigation system, shed & privacy fence. Don't miss out on the opportunity bring your personal touches to transform this house into your home.

See more in Analysis
Caleb Brown
eXp Realty LLC (Caleb Brown- KS)
KS Agent License #00246648
Annual Financial Highlights

Expected Rent

$24,396

Expenses

-$4,342

Property Taxes

-$3,160

Loan Payments

-$16,310

Net Cash Flow

$584

See more in Financials

Buyer's Agent

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Property Management

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Listing Courtesy of:Stephanie Bulcock Bulcock
Heartland MLS
Certified Agent Brokerage:Caleb Brown
eXp Realty LLC (Caleb Brown- KS)
KS Brokerage License CO00002496
SourceHeartland MLS
MLS #2427754
Last Updated: 03/31/2023 03:03
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