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MULTI - FAMILY STAT / PROFORMA SHEET | ||||||||||
| Property Address: | 3828 GENESSEE | BILL HARGIS CRS, RECS | |||||||||
| City: | KANSAS CITY | State: | MO | Zip: | 64111 | Reece & Nichols Realtors | |||||
| Date: | Listing Price: | $299,900 | Phone: | 913-901-6352 | |||||||
| MLS No. | Fax: | 913-901-6450 | |||||||||
| Directions: | billh@reeceandnichols.com | ||||||||||
| 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 | $525 | $3,150 | $37,800 | $0 | $0 | ||||
| 0 | 0 | 0 | $0 | $0 | $0 | 0 | $0 | $0 | |||
| 0 | 0 | 0 | $0 | $0 | $0 | 0 | $0 | $0 | |||
| 0 | 0 | 0 | $0 | $0 | $0 | 0 | $0 | $0 | |||
| 0 | 0 | 0 | $0 | $0 | $0 | 0 | $0 | $0 | |||
| 0 | 0 | 0 | $0 | $0 | $0 | 0 | $0 | $0 | |||
| TOTALS | $3,150 | $37,800 | TOTALS | $0 | $0 | ||||||
| PROFORMA | ß | ß | |||||||||
| 6 | GROSS SCHEDULED INCOME: | $37,800 | % GSI | % GSI | $0 | ||||||
| 7 | Less Vacancy and Credit Losses: | $1,890 | ¬ | 5.0% | 5.0% | ® | $0 | ||||
| 8 | Other Income | $875 | ¬ | 2.3% | #DIV/0! | ® | $0 | ||||
| 9 | ADJUSTED GROSS INCOME (L6-(L7+L8)): | $36,785 | % AGI | % AGI | $0 | ||||||
| 10 | Less Accounting and Legal: | $150 | ¬ | 0.4% | #DIV/0! | ® | |||||
| 11 | Less Advertising: | $100 | ¬ | 0.3% | #DIV/0! | ® | |||||
| 12 | Less Repair and Maintenance: | $2,800 | ¬ | 7.6% | #DIV/0! | ® | |||||
| 13 | Less Insurance: | $1,800 | ¬ | 4.9% | #DIV/0! | ® | |||||
| 14 | Less Management: | $2,514 | ¬ | 7.0% | 8.0% | ® | $0 | ||||
| 15 | Less Taxes: | $1,435 | ¬ | 3.9% | #DIV/0! | ® | |||||
| 16 | Trash | $0 | ¬ | 0.0% | #DIV/0! | ® | |||||
| 17 | Utilities - Water, Electric and Gas | $1,123 | ¬ | 3.1% | #DIV/0! | ® | |||||
| 18 | ¬ | 0.0% | #DIV/0! | ® | |||||||
| 19 | ¬ | 0.0% | #DIV/0! | ® | |||||||
| 20 | Less Other: | ¬ | 0.0% | #DIV/0! | ® | $0 | |||||
| 21 | Total Expenses(sum L10 - L20): | $9,922 | ¬ | 27.0% | #DIV/0! | ® | $0 | ||||
| 22 | Net Operating Income(L9 minus L21): | $26,863 | $0 | ||||||||
| 23 | Less Annual Debt Service: | $ 20,626 | ¬ | 56.1% | #DIV/0! | ® | $ - | ||||
| 24 | Net Income (Cash Flow) L22-L23): | 6,237 | 0 | ||||||||
| 25 | CAP RATE (NOI ¸ PURCHASE PRICE): | 8.96% | 0.00% | ||||||||
| 26 | RETURN ON INVESTMENT (NI ¸ DOWN): | 10.40% | 0.00% | ||||||||
| Estimated Financing | |||||||||||
| Purchase Price: | $299,900 | 6.00% | :Interest | ||||||||
| 20% | Down: | $ 59,980 | 20 | :Years Amortized | |||||||
| Amount Financed: | $ 239,920 | $ 1,718.86 | :P&I Monthly Payment | ||||||||
| Description: | VERY NICE 6 UNIT, 3-STORY BRICK AND FRAME APARTMENT BUILDING IN A GREAT AREA. THIS PROPERTY IS IN EXCELLENT CONDITION. THE ROOF WAS REPLACED 6 YEARS AGO. THE BUILDING HAS A SECURITY COMBO ENTRY SYSTEM, STORM WINDOWS, FORCED AIR GAS HEAT AND WINDOW AIR. THIS IS A NON-SMOKING BUILDING AND NO DOGS ARE ALLOWED. ONLY BLOCKS FROM THE UNIVERSITY OF KANSAS TEACHING MEDICAL CENTER. LARGE 1 BEDROOM UNITS (APPROX. 740SF) WITH HARDWOOD FLOORS AND NATURAL WOODWORK. TENANTS PAY GAS AND ELECTRIC FOR THE UNITS. | ||||||||||
| Information deemed reliable but not guaranteed | |||||||||||