Kansas Rental Property ROI Calculator
Free Kansas rental property ROI calculator. Analyze cash flow, cap rate, and cash-on-cash return using Kansas's 1.41% property tax rate.
How This Calculator Works
Calculation methodology and assumptions
This calculator uses standard real estate investment analysis to determine the return on a rental property in Kansas. It factors in the mortgage payment (using a standard amortization formula), property taxes at Kansas's effective rate of 1.41%, insurance, vacancy loss, maintenance reserves, and property management fees. The cap rate is calculated as Net Operating Income divided by purchase price. Cash-on-cash return measures annual cash flow relative to total cash invested (down payment + estimated closing costs). The 10-year projection assumes 3% annual appreciation and 2% annual rent increases.
Key State Information
Kansas has an effective property tax rate of 1.41%, which is above the national average of 1.10%. Kansas has a progressive income tax up to 5.7% state income tax that applies to rental income. Kansas offers a homestead exemption of up to $40,000 (applies to primary residence, not investment properties).
Frequently Asked Questions
What is the average property tax rate in Kansas?
Kansas's effective property tax rate is 1.41%, which means on a $215,000 home, you'd pay approximately $3,032 per year in property taxes.
Is Kansas a good state for rental property investment?
Kansas offers a median home price of $215,000 with 2BR rents averaging $960/month. Property tax rates are moderate. Use this calculator with your specific numbers to determine the actual ROI.
What is a good cap rate for rental property in Kansas?
A cap rate of 5-8% is generally considered good for rental properties. In Kansas, cap rates vary significantly by market. Urban areas tend to have lower cap rates (3-5%) but more consistent appreciation, while rural areas may offer higher cap rates (7-10%) with less growth potential.
How much do I need to invest in a rental property in Kansas?
For a median-priced home in Kansas ($215,000), a 20% down payment would be $43,000. Including estimated closing costs of $6,450, you'd need approximately $49,450 in cash.
Does Kansas have landlord-friendly laws?
Kansas has moderate landlord-tenant laws. Research specific local regulations before investing.
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