73 NW 291st Road, Centerview, MO 64019

Property Description

Investor opportunity with immediate cash flow and long-term upside! This tenant-occupied 3-bedroom, 2-bath ranch offers approximately 1,400 square feet of living space and sits on a spacious 12,228 sq. ft. fenced lot. Built in 1997, this all-electric home is currently leased through February 2027, generating $1,365 per month in rental income from day one and providing investors with stable cash flow without the hassle of securing a tenant. The home presents an excellent value-add opportunity for investors looking to build equity over time. While cosmetic updates such as flooring and paint may be desired after the current lease expires, the primary capital improvement anticipated is a roof replacement. A contractor estimate of approximately $10,000 is available, and this expense has already been factored into the asking price. There are currently no known roof leaks. Based on recent comparable sales, similar updated homes in the area have sold in the $210,000-$230,000 range, even after accounting for the cost of a roof replacement. With a new roof and cosmetic improvements, the property's estimated future resale value could range from approximately $245,000-$270,000, while estimated market rent could increase to approximately $1,550-$1,600 per month. These figures are estimates only and should be independently verified by buyers. With 2025 property taxes of just $1,222, immediate rental income, and pricing that compares favorably with recent neighborhood sales, this property offers an attractive combination of current cash flow and future appreciation potential. Whether you're expanding your rental portfolio, completing a 1031 exchange, or adding a long-term investment in an established residential neighborhood, this is an opportunity to acquire a performing asset with upside already built into the purchase price.