Turn Key Cash Flow Properties
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1 Turn Key Cash Flow Properties 17 Single Family homes and Multi Unit In the Wichita, Ks Metro Area (Newton) Price: $973,000 Wichita, Kansas Overview Wichita, Kansas is considered the air capital of the world and the 48 th largest city in the US. It consists of close to 400,000 in the city and over 600,000 in the major metro area. Wichita is home to Hawker Beechcraft, Cessna, Airbus and Spirit as well as McConnell Air Force base. Newton, Kansas is suburb of Wichita, Ks with a population of close to 20,000. Stability Wichita has never been a feast or famine City like other big cities. It has remained stable with an increase typically in the 2% to 6% range. Even in the downturn where markets saw double digit declines, Wichita remained stable and did not see a big impact in home prices. Newton is very similar. Cash Flow Wichita metro area has remained a great cash flow market due to strong rents compared to pricing which allows properties to cash flow much better than other major markets. Affordability The Median price for a home in Wichita is under $130,000 compared to over $200,000 for the US. This not only allows for affordability for home owners, but also allows investors to get more bang for their buck and greater cash flow. True These properties are truly turnkey as they are rented and cash flowing with management in place. You can take over management or keep the current management in place. The owner has a management company and would charge 8% of the monthly rent for management fees. *Information herein is to the accuracy and/or estimates of the owner and may not be guaranteed. It is up to the owner to do their own due diligence to verify the accuracy of the data. Properties are sold as is with the owner having the right of inspection.
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3 # E Broadway St Rent: $700 Price: $69,900 # ½ Old Mill Rd (triplex & quadplex) Bedrooms: All Studios Baths: All 1 Bath Rent: $2,045 Price: $79,900 #3 114 W 2 nd St Rent: $550 Price: $49,000 #4 120 W 2 nd St Rent: $525 #5 122 W 2 nd St Rent: $650 #6 124 W 2 nd St Bedrooms: 1 Rent: $425 Price: $49,000 Price: $39,900
4 #7 126 W 2 nd St Rent: $350 #8 128 W 2 nd St Rent: $325 #9 724 E 1 st St Baths: 2 Rent: $650 Price: $39,900 Price: $74,900 # W 12 th St Rent: $600 # W 9 th St Rent: $525 # E 8 th St Baths: 2 Rent: $600 Price: $69,900 Price: $59,900
5 # SE 3 rd St Rent: $650 # E 12 th St Baths: 2 Rent: $750 # E 8 th St Rent: $450 Price: $64,900 Price: $74,900 Wichita On The Rise Wichita: Real Estate and Market Trends Wichita-Area Home Sales Continue Upward Trend Wichita Home Prices Rose 3 Percent in March from a Year Earlier Wichita has great Entrepreneurial Spirit with startups like Pizza Hut, Rent-a-Center, Koch Industries (largest privately held company), White Castle, Freddy's Frozen Custard all started in Wichita. It is also home to the Final 4 Wichita State Shockers!
6 # W 15 th St Rent: $425 # N Poplar St Rent: $400
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