Tuesday, January 13, 2009

Leased for 2 years, Positive Cash Flow

5101 Powell, Blue Springs, MO

$165,900
2 year renter until Nov 2010
$1300 per month
$183 Positive per month
12 Miles to Downtown
1 mile to Bass Pro, Independence Mall, Costco, Lowes
1 Block to Blue Springs Lake
Schools, 8,9 and 10 out of 10 http://www.greatshools.net/

WHY BLUE SPRINGS?
12% population growth, (2x the national average)
Population 53000 people
Household Income $74,000 year
Median price home $174,000 (Affordable)
19% job growth projected next 10 years (Sperling Best Places)



Why Kansas City?

1. 2.5 million people
2. Income is 20% higher, and cost of living 20% lower than both national averages
3. Diverse economy. Federal (IRS, Reserve, Leavonworth) Tech, (Garmin, DST, Cerner), Telecom (Sprint, Verizon), Manufacturing (Hallmark, GM FORD HARLEY), Finance (HR BLOCK, American New Century), Logistics (YRC, BNSF and KC Southern Intermodals)
4. 17 Fortune 1000
5. 48% renter occ, and of those 75% renters live in units 25 years or older. (demand for new housing)
6. 75% of builders build less than 100 homes per year. (no mega developing, or major national builder presence)
7. Positive net migration of 1.2% per year past 10 years.
8. Job growth expected to reach 3% per year in 3 years
9. 4 billion invested in downtown econ, and total of 7 billion including the metro area
10. Great quality of life amenities and high end retail not seen an many other Midwest cities from Dallas to Chicago.
11. 6th smartest city by Kiplingers. And 2nd highest college grads in Midwest behind Chicago.

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