5107 E 40th Street

This rent-ready 3-bedroom, 1-bath home sits on a nearly quarter-acre lot in Kansas City's Vineyard Terrace neighborhood. Built in 1953, it's had more than $9,000 in recent updates: a new roof, upgraded electrical panel, remodeled kitchen and bath, new flooring, refinished hardwood floors, replacement windows, and three window AC units. At 1,560 square feet with a full unfinished basement, the home is underwritten at a market rent of $1,200/month, penciling out to a projected cap rate near 8.0% using conservative assumptions. Buyers can choose to take the property vacant or with a tenant already in place. It's part of a broader four-property Kansas City portfolio for investors looking to scale with a single transaction.