9536-38 Charlotte

9536-38 Charlotte, Kansas City, MO

33.6% Cash on Cash Return

$542.79/mo Cash Flow

Purchase Price: $77,500

Fantastic 2 Bed, 1 Bath Units in Missouri!

Duplex

Square Footage: 1,600

Annual Property Taxes: $396

Year Built: 1954

**Tenant in place!**

**Seller provides Inspection and Home Warranty!**

  • Kansas City

    Demographics

    Unemployment Rate: 6.7- 7.4
    Job Growth 2010-2011: 8.9%
    Median Income: $70,804
    Population: 482,299
    Population change since 2000: + 9.2%

    Area Information

    Median Home Price:: $198,077
    Yearly Taxes: Approx. $1,865
    Vacancy Rate: 5-7%
    Air Quality Index: 34
    Average Temp: 29 -79 degrees

    Missouri unemployment rate continues to drop

    Missouri's unemployment rate continues to fall with 2,300 new jobs added during February. The Department of Economic Development reports the unemployement rate has declined to 7.4 percent … in comparison, the U.S. unemployment rate stands at 8.3 percent. Missouri added nearly 22 thousand jobs in January.

    (Springfield, MO) --
    The Springfield Chamber of Commerce says the unemployment rate in the Springfield metro area is 6.7 percent. This is the first time it's been below 7 percent since the start of the recession. This news comes just a few weeks after Springfield was ranked in top three among American cities for job growth.

    Greater Kansas City is headquarters to several Fortune 500 companies (Sprint Nextel Corporation, H&R Block, YRC Worldwide Inc., and International Assets Holding Corporation) and additional Fortune 1000 corporations Great Plains Energy, Aquila, AMC Theatres, Applebee's, DST Systems, Garmin International, Cerner, Seaboard Corporation, and Russell Stover Candies). Three international law firms, Lathrop & Gage, Stinson Morrisson & Hecker, and Shook, Hardy & Bacon are also based in the City.

    The area boasts a very diverse workforce and top-notch schools. These are just a few of the reasons there is not one vacancy in the community.
    Now is a great time to buy real estate in Kansas City.

    1. Interest rates are around 4.875%
    2. Builders are starting to build new homes in Kansas City, new construction is a sign that the real estate market is moving again.
    3. Very few "deals" are left due to new construction.
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