403 S Cherry St

Olathe, KS 66061
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2 bd, 1 ba | 846 sqft | Built in 1915

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List Price
$125,000

$25K

Initial Investment

$34,063

Purchase Price

$125,000

Down Payment

25%

Rent

$1,340

Total Return

$71,388

Annualized Return

27.8%

Cap Rate

8.1%

Gross Yield

12.9%

Cash Flow

$2,620

Appreciation

7.9%
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Features

Lot Size

3,776

HOA

None

Flood Risk

Not Required

INVESTOR SPECIAL! Cute bungalow home that would make a great rental property. The home is in need of significant foundation work. CASH ONLY. Inspections are welcomed and encouraged but seller will not make any repairs.

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

Expected Rent

$15,276

Expenses

-$3,950

Property Taxes

-$1,910

Loan Payments

-$6,796

Net Cash Flow

$2,620

See more in Financials

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
  • You can be represented in the purchase by a Roofstock-affiliated real estate agent who is an expert in investment properties and knows the local market.
  • Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
  • Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

Similar Listings



Listing Courtesy of:Klarissa Skinner
Agent License 2015025148
Keller Williams Realty Partner
Certified Agent Brokerage:Caleb Brown
eXp Realty LLC (Caleb Brown- KS)
KS Brokerage License CO00002496
SourceHeartland MLS
MLS #2423615
Last Updated: 03/13/2023 13:03
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