Rental Property In Kansas City

Rental property in the Kansas City area can come in all shapes and sizes. The great thing about this market is that rental properties can be;

- Apartments.
- Fourplexes.
- Triplexes.
- Duplexes.
- Single Family Homes.

Now, if you are reading this and you are a California based real estate investor (or Maryland or New Jersey or Washington for that matter) you probably had to read "Singe Family Homes" twice.

Yes. You can afford to own a single family home in the Kansas City area as an income producing property.

The sweet spot for SFH rental property is between $140,000 and $225,000. At least for Johnson County, Kansas. Within that price range you can expect rents to run .65% to .7% of the true market value. Duplexes should run in the .75% to .81% of true market value.

Within the borders of Kansas City, Missouri proper I really like the Waldo area as a place to own and manage rental property. The sweet spot there is between $90,000 and $140,000. Two bedrooms or three. Two are more plentiful. The houses are older but the area is highly desired by young, educated, professionals who don't want to buy yet. Close to bars, the Country Club Plaza and downtown business district. You can expect a single family home in there to rent for about .75% to .9% of market value. Not bad for a single family home.

Blue Springs, Missouri is another of my favorite places to advise my real estate investors to add to their portfolio. With a quality rental population and good disposable income it reminds me of a more affordable Olathe, Kansas.

Should you like to see examples of the kinds of home that I recommend to my investor clients, just give me a call or drop me an email at listwithchris@kw.com. I'm always happy to help.

Chris Lengquist
Keller Williams Realty
Diamond Partners, Inc
Olathe, Kansas
913.568.1579
listwithchris@kw.com