531 W Loula St
Olathe, KS 66061
List Price
$169,950
$10K
Initial Investment
$46,311Purchase Price
$169,950
Down Payment
25%
Rent
$1,041
Total Return
$67,079
Annualized Return
18.7%
Cap Rate
4.5%
Gross Yield
7.3%
Cash Flow
-$2,085
Appreciation
7.9%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,848
HOA
None
Flood Risk
Not Required
Olathe ranch for under $180k!! This 2 bed 1.5 bath home was originally built as a duplex but was converted to single family at some point in the past. You can either keep it single family and make it your own or convert back to an easily rentable duplex! Either way the property will need to be renovated so bring your paint brush and imagination! Located in sought after Olathe school district, close to schools, restaurants, and shops! Wont last long!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$11,863Expenses
-$2,858Property Taxes
-$1,850Loan Payments
-$9,239Net Cash Flow
-$2,085See more in Financials
Property Characteristics
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.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
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.
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SourceHeartland MLS
MLS #2483568
Last Updated: 05/07/2024 15:05
MLS #2483568
Last Updated: 05/07/2024 15:05