Property Description
130 S Rothsay Ave
Minneapolis, KS 67467 | Cash Purchase: $60,000
EXECUTIVE SUMMARY
Total Investment | $120,000 |
Purchase: | $60,000 |
Repairs: | $40,000 |
ARV (3-Unit) | $170k-180k |
Monthly Cash Flow | $1,573 |
Flip Profit | $73k+ |
3-Year Total Return | $115k (88% ROI) |
BEST EXIT: Convert to 3-Units → Hold 2-3 Years
PROPERTY SNAPSHOT
2,590 sq ft | 4 bed/3 bath | 1900 two-story
Strengths: New Central AC, good roof, easy multi-family conversion
Needs: $30-50k repairs (plumbing, cosmetics)
Market: Stable rural (7% vacancy), rents $700-950/unit
3-UNIT RENTAL PROFORMA
Unit | Rent/mo | Annual |
2-Bed Main | $950 | $11,400 |
1-Bed Upstairs | $750 | $9,000 |
1-Bed Basement | $700 | $8,400 |
TOTAL | $2,400/mo | $28,800 |
EXIT STRATEGIES
Strategy | Timeline | Profit | Cash Flow |
1. 3-Unit Flip | 6-9 mo | $33k | $0 |
2. Hold Rental | 3 yrs | $115k | $1,573/mo |
3. BRRRR Refi | 12 mo | $96k cash out | $723/mo |
4. Seller Finance | 12 mo | $310k | $5,160/mo |
REPAIR BUDGET ($50k)
Item | Cost |
Water Line | $1,700 |
Plumbing/Electrical | $8,000 |
Kitchen/Baths | $12,000 |
Flooring/Paint | $12,000 |
Contingency | $16,300 |
TOTAL | $50,000 |
💰 BUY: $60,000 cash (Section 8 eligible)
🔧 FIX: $50k → 3 rental units
💵 EARN: $1,573/mo ($18.9k/yr)
📈 ROI: 14% cash flow + 88% total
Turn $110k into $1,500/mo passive income!
Contact Agent
John Guy
(305) 337-8085
Property Details
Property Type
Single Family Home
Bedrooms
4
Bathrooms
3
Size
2,590 sqft
Floors
2
Year Built
Property Location
130 S Rothsay Ave, Minneapolis, KS 67467, USA