2821 S 8th Ter

Kansas City, KS 66103
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3 bd, 2 ba | 1,272 sqft | Built in 1947

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List Price
$245,000

Initial Investment

$66,763

Purchase Price

$245,000

Down Payment

25%

Rent

$1,630

Total Return

$95,415

Annualized Return

18.7%

Cap Rate

4.7%

Gross Yield

8.0%

Cash Flow

-$2,495

Appreciation

7.7%
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Features

Lot Size

10,019

HOA

None

Flood Risk

Not Required

Entertainer's dream! Here you'll find a well cared for 1.5 story home with full walkout basement and numerous options for hosting gatherings of all kinds! Outdoor entertaining space on 3 levels! Nestled in the heart of so many great amenities like the expansive Rosedale Park and disc golf a short distance away, plus all of the wonderful restaurants and shops along 47th. Super easy highway access. The layout is lovely with a light filled front living room and beautiful hardwood flooring. There is one bedroom on the main level, full bathroom, eat-in kitchen, and a fantastic sunroom as well. The 2nd level features two bedrooms, each with very large closets, and a 2nd full bathroom - as well as access to a rooftop balcony. But the real party happens off of the walkout basement with a large covered patio - built out with a bar area and plenty of options for seating. The yard is almost 1/4 acre and fully fenced on all sides. This is the full package! It feels WAY larger than the square footage listed, thanks to all of the extra space on the side deck, rooftop, and covered patio. Many recent upgrades including roof over the dormer area, water heater, HVAC, and driveway. It's a must see!

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

Expected Rent

$18,582

Expenses

-$3,308

Property Taxes

-$4,450

Loan Payments

-$13,319

Net Cash Flow

-$2,495

See more in Financials

Buyer's Agent

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Similar Listings



Listing Courtesy of:Micah Thomas
Agent License SP00238866
LOCAL AGENT
Certified Agent Brokerage:Caleb Brown
eXp Realty LLC (Caleb Brown- KS)
KS Brokerage License CO00002496
SourceHeartland MLS
MLS #2431164
Last Updated: 04/20/2023 21:04
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