| MULTI - FAMILY STAT / PROFORMA SHEET | |||||||||||
| Property Address: | 2800 Park | Reece & Nichols Realtors | |||||||||
| City: | Kansas City | State: | MO | Zip: | BRICE BRADSHAW | ||||||
| Date: | Listing Price: | $329,000 | Phone: | 913-219-7074 | |||||||
| MLS No. | Fax: | 913-901-6450 | |||||||||
| Directions: | BILL HARGIS 913-901-6352 | ||||||||||
| www.kccommercial.net | |||||||||||
| Unit Description | Current Rental Data | Market Rental Data | |||||||||
| # of Units | # Bed | # Bath | Unit Rent | Mo. Rent | Yearly Rent | Unit Rent | Mo. Rent | Yearly Rent | |||
| 6 | 1 | 1 | $335 | $2,010 | $24,120 | 360 | $2,160 | $25,920 | |||
| 6 | 1 | 1 | $365 | $2,190 | $26,280 | 390 | $2,340 | $28,080 | |||
| $0 | $0 | 0 | $0 | $0 | |||||||
| $0 | $0 | 0 | $0 | $0 | |||||||
| $0 | $0 | 0 | $0 | $0 | |||||||
| $0 | $0 | 0 | $0 | $0 | |||||||
| TOTALS | $4,200 | $50,400 | TOTALS | $4,500 | $54,000 | ||||||
| PROFORMA | ß | ß | |||||||||
| 6 | GROSS SCHEDULED INCOME: | $50,400 | % GSI | % GSI | $54,000 | ||||||
| 7 | Less Vacancy and Credit Losses: | $2,520 | ¬ | 5.0% | 5.0% | ® | $2,700 | ||||
| 8 | Other Income | $1,800 | ¬ | 3.6% | 3.3% | ® | $1,800 | ||||
| 9 | ADJUSTED GROSS INCOME (L6-(L7+L8)): | $49,680 | % AGI | % AGI | $53,100 | ||||||
| 10 | Less Accounting and Legal | $0 | ¬ | 0.0% | 0.0% | ® | $0 | ||||
| 11 | Less Advertising: | $100 | ¬ | 0.2% | 0.2% | ® | $100 | ||||
| 12 | Less Repair and Maintenance: | $4,000 | ¬ | 8.1% | 7.5% | ® | $4,000 | ||||
| 13 | Less Insurance: | $3,500 | ¬ | 7.0% | 6.6% | ® | $3,500 | ||||
| 14 | Less Management: | $3,830 | ¬ | 8.0% | 8.0% | ® | $4,104 | ||||
| 15 | Less Taxes: | $1,509 | 3.0% | 2.8% | ® | $1,509 | |||||
| 16 | Trash & Pest Control | $1,400 | ¬ | 2.8% | 2.6% | ® | $1,400 | ||||
| 17 | Electric | $800 | ¬ | 1.6% | 1.5% | ® | $800 | ||||
| 18 | Heating Fuel | $2,000 | ¬ | 4.0% | 3.8% | ® | $2,000 | ||||
| 19 | Water & Sewer | $2,500 | ¬ | 5.0% | 4.7% | ® | $2,500 | ||||
| 20 | Less Other: | ¬ | 0.0% | 0.0% | ® | $0 | |||||
| 21 | Total Expenses(sum L10 - L20): | $19,639 | ¬ | 39.5% | 37.5% | ® | $19,913 | ||||
| 22 | Net Operating Income(L9 minus L21): | $30,041 | $33,187 | ||||||||
| 23 | Less Annual Debt Service: | $ 23,086 | ¬ | 46.5% | 43.5% | ® | $ 23,086 | ||||
| 24 | Net Income (Cash Flow) L22-L23): | 6,955 | 10,101 | ||||||||
| 25 | CAP RATE (NOI ¸ PURCHASE PRICE): | 9.13% | 10.09% | ||||||||
| 26 | RETURN ON INVESTMENT (NI ¸ DOWN): | 10.57% | 15.35% | ||||||||
| Estimated Financing | |||||||||||
| Purchase Price: | $329,000 | 6.25% | :Interest | ||||||||
| 20% | Down: | $ 65,800 | 20 | :Years Amortized | |||||||
| Amount Financed: | $ 263,200 | $ 1,923.80 | :P&I Monthly Payment | ||||||||
| Description: | This 12 plex was upgraded approximately 12-15 years ago and is currently being rehabbed again. This building futures off street parking, many units with ceramic tile, new carpet and many new mechanicals. Building will be in lease up mode soon. The units are very nice inside with updated kitchens and baths. | ||||||||||
| Information deemed reliable but not guaranteed | |||||||||||