I saw this one when it was in the early stage of rehab a couple months ago when I was in KC. I think of all the properties I saw while I was there, this one has the biggest long-term appreciation potential. I’ll explain why after I give you the basics!
4 bedrooms, 2.5 baths
Purchase price: $199,000
Monthly rent: $1500
Detached 2 car garage, Covered back porch, private drive, large lot, main floor laundry/mudroom. New roof, interior & exterior paint, new flooring throughout, kitchen and bath updated, granite countertops & stainless steel appliances, updated electric, pex supply and PVC drain plumbing, newer HVAC unit, new water heater, double pane windows, full unfinished basement.
Reason I believe it’s going to be a major growth play- the property is located nearby a brand new Cerner plant. The plant is huge and is bringing in TONS of new construction in the area. We drove around quite a bit in the area and the amount of development happening literally all around this house is huge. That alone will increase property values over time, but more so, there’s very little on the street this property on, which would make the street a prime opportunity for a developer to buy it out.
So, 3 growth/value-add options in my mind:
1. Finish the basement, which will increase property value
2. Demand for the area is huge and all new construction coming in everywhere around it, which will drive values
3. Potential for a developer in the future to try to buy out the street
Also because of the Cerner plant, rental demand is high in this area.
Disclaimer: All information contained in this video is deemed reliable but not guaranteed. No warranties are made as to the accuracy of any descriptions and/or other details regarding the specific property presented and I make no guarantee, warranty or representation as to the property, seller, or the current or future performance of the property.
Are you interested in learning more about real estate investments and turnkey rental properties from an industry expert?
Be sure to subscribe to this YouTube channel and hit that notification bell so that you can be the first to know when I upload a new video.
For even more real estate investment tips, pick up my book on Amazon and check out more of the great resources linked below.
📚 NOT Your How-To Guide to Real Estate Investing: Life Lessons on Hacking Your Mind Before You Hack Your Wallet* https://amzn.to/3gLGRh1
📱 7 Rookie Real Estate Investing Mistakes & How to Avoid Them (FREE Digital Download) http://b.link/7-rookie-mistakes
🤝 Join the EXCLUSIVE Turnkey Rental Properties Facebook Group http://b.link/Turnkey-Properties-Facebook-Group
and find me online with Hipster Investments at https://www.hipsterinvestments.com the GO-TO website for turnkey rental property investing!
Please Note: I am an Amazon associate and as such, I earn from qualifying purchases*
#TurnkeyProperties #RentalProperties #RealEstateInvesting