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MULTI - FAMILY STAT / PROFORMA SHEET | ||||||||||
| Property Address: | 3909 KENWOOD AVE. | BILL HARGIS CRS, RECS | |||||||||
| City: | KANSAS CITY | State: | MO. | Zip: | Reece & Nichols Realtors | ||||||
| Date: | Listing Price: | $420,000 | 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 | |||
| 1 | 3 | 1 | $575 | $575 | $6,900 | $0 | $0 | ||||
| 2 | 2 | 1 | $550 | $1,100 | $13,200 | 0 | $0 | $0 | |||
| 4 | 2 | 1 | $461 | $1,844 | $22,128 | 0 | $0 | $0 | |||
| 3 | 1 | 1 | $350 | $1,050 | $12,600 | 0 | $0 | $0 | |||
| 1 | 1 | 1 | $295 | $295 | $3,540 | 0 | $0 | $0 | |||
| 2 | STUDIO | 1 | $420 | $840 | $10,080 | 0 | $0 | $0 | |||
| TOTALS | $5,704 | $68,448 | TOTALS | $0 | $0 | ||||||
| PROFORMA | ß | ß | |||||||||
| 6 | GROSS SCHEDULED INCOME: | $68,448 | % GSI | % GSI | $0 | ||||||
| 7 | Less Vacancy and Credit Losses: | $6,845 | ¬ | 10.0% | 5.0% | ® | $0 | ||||
| 8 | Other Income | ¬ | 0.0% | #DIV/0! | ® | $0 | |||||
| 9 | ADJUSTED GROSS INCOME (L6-(L7+L8)): | $61,603 | % AGI | % AGI | $0 | ||||||
| 10 | Less Accounting and Legal: | $300 | ¬ | 0.5% | #DIV/0! | ® | |||||
| 11 | Less Advertising: | $500 | ¬ | 0.8% | #DIV/0! | ® | |||||
| 12 | Less Repair and Maintenance: | $4,537 | ¬ | 7.4% | #DIV/0! | ® | |||||
| 13 | Less Insurance: | $4,200 | ¬ | 6.8% | #DIV/0! | ® | |||||
| 14 | Less Management: | $4,928 | ¬ | 8.0% | 8.0% | ® | $0 | ||||
| 15 | Less Taxes: | $3,919 | ¬ | 6.4% | #DIV/0! | ® | |||||
| 16 | Trash & Pest Control | $590 | ¬ | 1.0% | #DIV/0! | ® | |||||
| 17 | Electric | $1,200 | ¬ | 1.9% | #DIV/0! | ® | |||||
| 18 | Heating Fuel | $430 | ¬ | 0.7% | #DIV/0! | ® | |||||
| 19 | Water & Sewer | $3,120 | ¬ | 5.1% | #DIV/0! | ® | |||||
| 20 | Less Other: | ¬ | 0.0% | #DIV/0! | ® | $0 | |||||
| 21 | Total Expenses(sum L10 - L20): | $23,724 | ¬ | 38.5% | #DIV/0! | ® | $0 | ||||
| 22 | Net Operating Income(L9 minus L21): | $37,879 | $0 | ||||||||
| 23 | Less Annual Debt Service: | $ 28,887 | ¬ | 46.9% | ####### | ® | |||||
| 24 | Net Income (Cash Flow) L22-L23): | 8,992 | #VALUE! | ||||||||
| 25 | CAP RATE (NOI ¸ PURCHASE PRICE): | 9.02% | 0.00% | ||||||||
| 26 | RETURN ON INVESTMENT (NI ¸ DOWN): | 10.71% | #VALUE! | ||||||||
| Estimated Financing | |||||||||||
| Purchase Price: | $420,000 | 6.00% | :Interest | ||||||||
| 20% | Down: | $ 84,000 | 20 | :Years Amortized | |||||||
| Amount Financed: | $ 336,000 | $ 2,407.21 | :P&I Monthly Payment | ||||||||
| Description: | NICE 13 UNIT COMPLEX OVERLOOKING GILLHAM PARK. MANY UPGRADES COMPLETED IN 2004, INCLUDING NEW MAIN FRONT DOORS, 3 NEW DECKS AND MUCH MORE. THIS PROPERTY IS LOCATED IN THE HYDE PARK AREA AND CLOSE TO WESTPORT AND THE COUNTRY CLUB PLAZA. | ||||||||||
| Information deemed reliable but not guaranteed | |||||||||||