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MULTI -
FAMILY STAT / PROFORMA SHEET |
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Property
Address: |
2800
Park |
Reece & Nichols Realtors |
City: |
Kansas City |
State: |
MO |
Zip: |
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BRICE
BRADSHAW |
Date: |
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Listing Price: |
$329,000 |
Phone: |
913-219-7074 |
MLS No. |
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Fax: |
913-901-6450 |
Directions: |
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BILL HARGIS 913-901-6352 |
www.kccommercial.net |
Unit Description |
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Current Rental Data |
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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 |
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$0 |
$0 |
0 |
$0 |
$0 |
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$0 |
$0 |
0 |
$0 |
$0 |
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$0 |
$0 |
0 |
$0 |
$0 |
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$0 |
$0 |
0 |
$0 |
$0 |
TOTALS |
$4,200 |
$50,400 |
TOTALS |
$4,500 |
$54,000 |
PROFORMA |
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ß |
6 |
GROSS SCHEDULED INCOME: |
$50,400 |
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% GSI |
% GSI |
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$54,000 |
7 |
Less Vacancy and Credit Losses: |
$2,520
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¬ |
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 |
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% AGI |
% AGI |
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$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 |
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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: |
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¬ |
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
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$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% |
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10.09% |
26 |
RETURN ON INVESTMENT (NI ¸ DOWN): |
10.57% |
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15.35% |
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Estimated Financing |
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Purchase
Price: |
$329,000 |
6.25% |
:Interest |
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20% |
Down: |
$
65,800 |
20 |
:Years Amortized |
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Amount
Financed: |
$
263,200 |
$
1,923.80 |
:P&I Monthly Payment |
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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. |
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Information deemed
reliable but not guaranteed |
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