| MULTI - FAMILY STAT / PROFORMA SHEET | |||||||||||
| Property Address: | 3635 Walnut | Reece & Nichols Realtors | |||||||||
| City: | Kansas City | State: | MO | Zip: | BRICE BRADSHAW | ||||||
| Date: | Listing Price: | $872,000 | 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 | |||
| 16 | 2 | 1 | $505 | $8,080 | $96,960 | 550 | $8,800 | $105,600 | |||
| 10 | 1 | 1 | $405 | $4,050 | $48,600 | 450 | $4,500 | $54,000 | |||
| $0 | $0 | 0 | $0 | $0 | |||||||
| $0 | $0 | 0 | $0 | $0 | |||||||
| $0 | $0 | 0 | $0 | $0 | |||||||
| $0 | $0 | 0 | $0 | $0 | |||||||
| TOTALS | $12,130 | $145,560 | TOTALS | $13,300 | $159,600 | ||||||
| PROFORMA | ß | ß | |||||||||
| 6 | GROSS SCHEDULED INCOME: | $145,560 | % GSI | % GSI | $159,600 | ||||||
| 7 | Less Vacancy and Credit Losses: | $10,189 | ¬ | 7.0%[1] | 7.0%[2] | ® | $11,172 | ||||
| 8 | Other Income | $2,500 | ¬ | 1.7% | 1.6% | ® | $2,500 | ||||
| 9 | ADJUSTED GROSS INCOME (L6-(L7+L8)): | $137,871 | % AGI | % AGI | $150,928 | ||||||
| 10 | Less Accounting and Legal | $500 | ¬ | 0.4% | 0.3% | ® | $500 | ||||
| 11 | Less Advertising: | $500 | ¬ | 0.4% | 0.3% | ® | $500 | ||||
| 12 | Less Repair and Maintenance: | $13,000 | ¬ | 9.4% | 8.6% | ® | $13,000 | ||||
| 13 | Less Insurance: | $9,234 | ¬ | 6.7% | 6.1% | ® | $9,234 | ||||
| 14 | Less Management: | $10,830 | ¬ | 8.0%[3] | 8.0%[4] | ® | $11,874 | ||||
| 15 | Less Taxes: | $4,000 | ¬ | 2.9% | 2.7% | ® | $4,000 | ||||
| 16 | Trash & Pest Control | $1,200 | ¬ | 0.9% | 0.8% | ® | $1,200 | ||||
| 17 | Utilities | $11,500 | ¬ | 8.3% | 7.6% | ® | $11,500 | ||||
| 18 | ¬ | 0.0% | 0.0% | ® | |||||||
| 19 | ¬ | 0.0% | 0.0% | ® | |||||||
| 20 | Less Other: | MISC | $4,500 | ¬ | 3.3% | 3.0% | ® | $4,500 | |||
| 21 | Total Expenses(sum L10 - L20): | $55,264 | ¬ | 40.1% | 37.3% | ® | $56,308 | ||||
| 22 | Net Operating Income(L9 minus L21): | $82,607 | $94,620 | ||||||||
| 23 | Less Annual Debt Service: | $ 61,187 | ¬ | 44.4% | 40.5% | ® | $ 61,187 | ||||
| 24 | Net Income (Cash Flow) L22-L23): | 21,420 | 33,432 | ||||||||
| 25 | CAP RATE (NOI ¸ PURCHASE PRICE): | 9.47% | 10.85% | ||||||||
| 26 | RETURN ON INVESTMENT (NI ¸ DOWN): | 12.28% | 19.17% | ||||||||
| Estimated Financing | |||||||||||
| Purchase Price: | $872,000 | 6.25% | :Interest | ||||||||
| 20% | Down: | $ 174,400 | 20 | :Years Amortized | |||||||
| Amount Financed: | $ 697,600 | $ 5,098.96 | :P&I Monthly Payment | ||||||||
| Description: | |||||||||||
| Information deemed reliable but not guaranteed | |||||||||||