| MULTI - FAMILY STAT / PROFORMA SHEET | |||||||||||
| Property Address: | 3110,3118 and 3204 Eaton Street | Reece & Nichols Realtors | |||||||||
| City: | Kansas City | State: | Ks. | Zip | 66103 | BRICE BRADSHAW | |||||
| Date: | 100106 | Listing Price: | $795,000 | 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 | |||
| 3 | 3 | 2 | $810 | $2,430 | $29,160 | $0 | $0 | $0 | |||
| 1 | 3 | 2 | $750 | $750 | $9,000 | $0 | $0 | $0 | |||
| 2 | 3 | 2 | $700 | $1,400 | $16,800 | $0 | $0 | $0 | |||
| 2 | 2 | 1.5 | $700 | $1,400 | $16,800 | $0 | $0 | $0 | |||
| 2 | 2 | 1.5 | $650 | $1,300 | $15,600 | $0 | $0 | $0 | |||
| 2 | 2 | 1.5 | $625 | $1,250 | $15,000 | $0 | $0 | $0 | |||
| TOTALS | $8,530 | $102,360 | TOTALS | $0 | $0 | ||||||
| PROFORMA | ß | ß | |||||||||
| 6 | GROSS SCHEDULED INCOME: | $102,360 | % GSI | % GSI | $0 | ||||||
| 7 | Vacancy and Credit Losses: | $5,118 | ¬ | 5.0% | 5.0% | ® | $0 | ||||
| 8 | Other Income: | $0 | ¬ | 0.0% | #DIV/0! | ® | $0 | ||||
| 9 | ADJUSTED GROSS INCOME (L6-(L7+L8)): | $97,242 | % AGI | % AGI | $0 | ||||||
| 10 | Accounting and Legal: | $300 | ¬ | 0.3% | #DIV/0! | ® | $0 | ||||
| 11 | Advertising: | $0 | ¬ | 0.0% | #DIV/0! | ® | $0 | ||||
| 12 | Repair and Maintenance: | $6,000 | ¬ | 6.2% | #DIV/0! | ® | $0 | ||||
| 13 | Insurance: | $3,600 | ¬ | 3.7% | #DIV/0! | ® | $0 | ||||
| 14 | Management: | $7,779 | ¬ | 8.0% | 8.0% | ® | $0 | ||||
| 15 | Taxes: | $9,919 | ¬ | 10.2% | #DIV/0! | ® | $0 | ||||
| 16 | Refuse: | $0 | ¬ | 0.0% | #DIV/0! | ® | $0 | ||||
| 17 | Electric: | $0 | ¬ | 0.0% | #DIV/0! | ® | $0 | ||||
| 18 | Gas: | $0 | ¬ | 0.0% | #DIV/0! | ® | $0 | ||||
| 19 | Water & Sewer: | $0 | ¬ | 0.0% | #DIV/0! | ® | $0 | ||||
| 20 | Other: | $600 | ¬ | 0.6% | #DIV/0! | ® | $0 | ||||
| 21 | Total Expenses(sum L10 - L20): | $28,198 | ¬ | 29.0% | #DIV/0! | ® | $0 | ||||
| 22 | Net Operating Income(L9 minus L21): | $69,044 | $0 | ||||||||
| 23 | Less Annual Debt Service: | 46,992 | ¬ | 48.3% | #DIV/0! | ® | 0 | ||||
| 24 | Net Income (Cash Flow) L22-L23): | 22,052 | 0 | ||||||||
| 25 | CAP RATE (NOI ¸ PURCHASE PRICE): | 8.68% | 0.00% | ||||||||
| 26 | RETURN ON INVESTMENT (NI ¸ DOWN): | 13.87% | 0.00% | ||||||||
| Estimated Financing | |||||||||||
| Purchase Price: | $795,000 | 6.25% | :Interest | ||||||||
| 20% | Down: | $ 159,000 | 30 | :Years Amortized | |||||||
| Amount Financed: | $636,000 | $ 3,915.96 | :P&I Monthly Payment | ||||||||
| Description: | 3 VERY NICE 4-PLEX BUILDINGS ONLY 3 BLOCKS FROM THE KANSAS UNIVERSITY MEDICAL CENTER "MEDICAL TEACHING FACILITY". THERE ARE 6 3-BEDROOM 2-BATH APARTMENTS AND 6 2-BEDROOM 1 1/2-BATH UNITS. ALL UNITS HAVE A 1 CAR GARAGE. ONLY MINUTES FROM INTERSTATE I-35 AND DOWNTOWN KANSAS CITY, MISSOURI. CLOSE TO THE KU MED CENTER ENTERTAINMENT AREA, WESTPORT AND THE COUNTRY CLUB PLAZA. THERE HAVE BEEN MANY UPGRADES AND REPAIRS COMPLETED JUST BEFORE LISTING. PROPERTY IS 100% OCCUPIED. | ||||||||||
| This property summary includes assumptions, which represent a projection of future events and assumptions which may or may not occur. Absolutely no tax or legal advice is being implied or given. These projections may not and should not be relied upon to indicate results, which might be obtained. Income collected and expenses incurred will vary depending upon the type of management employed. Therefore, all information provided is solely for the purpose of permitting parties to determine whether or not the property is of such type and general character as might interst them in this purchase, and Reece and Nichols and Nichols Realtors/Hargis Real Estate Group makes no warranty as to the accuracy of such information. Interested persons are expected to acquaint themsleves with the property and arrive at their own conclusions as to physical condition, number and occupancy of revenue producing units, estimates of operating costs, tax matters and any factors having to do with the valuation of property. | |||||||||||