3421 Lexington Ave

Kansas City, MO 64124
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3 bd, 3 ba | 2,290 sqft | Built in 1880

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List Price
$269,995

Initial Investment

$73,574

Purchase Price

$269,995

Down Payment

25%

Rent

$1,510

Total Return

$107,582

Annualized Return

18.2%

Cap Rate

3.7%

Gross Yield

6.7%

Cash Flow

-$5,428

Appreciation

8.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,276

HOA

None

Flood Risk

Not Required

Experience this welcoming, completely renovated 2 story single family home with 3 spacious bedrooms, 2.5 baths in the historic Scarritt Renaissance neighborhood. Alley access with rare large detached garage w/automatic opener allows for safe transition into the home via private enclosed back yard. Boasting over 2,200 square feet, the modern open concept first floor offers a generous covered porch, inviting living room with electric fireplace, a large dining room and powder room. The expansive and stylish kitchen with granite waterfall island, brand new appliances and huge adjacent pantry connects to back deck and is perfect for outdoor entertaining. Up the stairs you will enjoy a large in suite bedroom w/beautiful natural light in both the bathroom w/double vanity and marble counter, and the massive walk-in closet. Off the main hallway, the laundry area and 2nd full bath are accessible to the spacious and bright bedroom 2 and 3. Dual HVAC systems new windows and insulation facilitate efficient heating and cooling in both floors. All new electric, plumbing, doors and more. Walk out basement provides more additional storage possibilities. This home is structurallty solid with all new joists throughout 1st floor and new main beam in basement.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$17,214

Expenses

-$3,064

Property Taxes

-$4,900

Loan Payments

-$14,678

Net Cash Flow

-$5,428

See 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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Listing Courtesy of:Eric Kipp
Agent License 00220303
Chartwell Realty LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceHeartland MLS
MLS #2543117
Last Updated: 04/17/2025 22:04
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