| MULTI - FAMILY STAT / PROFORMA SHEET | |||||||||||
| Property Address: | 4448-4450 Virginia | Reece & Nichols Realtors | |||||||||
| City: | Kansas City | State: | MO | BRICE BRADSHAW | |||||||
| Date: | Listing Price: | $316,000 | 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 | |||
| 9 | studio | 1 | $350 | $3,150 | $37,800 | 360 | $3,240 | $38,880 | |||
| 2 | studio | 1 | $335 | $670 | $8,040 | 360 | $720 | $8,640 | |||
| 1 | studio | 1 | $395 | $395 | $4,740 | 395 | $395 | $4,740 | |||
| 1 | 1 | 1 | $375 | $375 | $4,500 | 375 | $375 | $4,500 | |||
| 0 | $0 | $0 | $0 | 0 | $0 | $0 | |||||
| 0 | $0 | $0 | $0 | 0 | $0 | $0 | |||||
| TOTALS | $4,590 | $55,080 | TOTALS | $4,730 | $56,760 | ||||||
| PROFORMA | ß | ß | |||||||||
| 6 | GROSS SCHEDULED INCOME: | $55,080 | % GSI | % GSI | $56,760 | ||||||
| 7 | Less Vacancy and Credit Losses: | $2,754 | ¬ | 5.0% | 5.0% | ® | $2,838 | ||||
| 8 | Other Income | $900 | ¬ | 1.6% | 1.6% | ® | $900 | ||||
| 9 | ADJUSTED GROSS INCOME (L6-(L7+L8)): | $53,226 | % AGI | % AGI | $54,822 | ||||||
| 10 | Less Accounting and Legal | $250 | ¬ | 0.5% | 0.5% | ® | $250 | ||||
| 11 | Less Advertising: | $100 | ¬ | 0.2% | 0.2% | ® | $100 | ||||
| 12 | Less Repair and Maintenance: | $3,600 | ¬ | 6.8% | 6.6% | ® | $3,600 | ||||
| 13 | Less Insurance: | $2,893 | ¬ | 5.4% | 5.3% | ® | $2,893 | ||||
| 14 | Less Management: | $4,186 | ¬ | 8.0% | 8.0% | ® | $4,314 | ||||
| 15 | Less Taxes: | $919 | ¬ | 1.7% | 1.7% | ® | $919 | ||||
| 16 | Trash & Pest Control | $1,200 | ¬ | 2.3% | 2.2% | ® | $1,200 | ||||
| 17 | Electric | $950 | ¬ | 1.8% | 1.7% | ® | $950 | ||||
| 18 | Heating Fuel | $6,932 | ¬ | 13.0% | 12.6% | ® | $6,932 | ||||
| 19 | Water & Sewer | $1,821 | ¬ | 3.4% | 3.3% | ® | $1,821 | ||||
| 20 | Less Other: | $0 | ¬ | 0.0% | 0.0% | ® | $0 | ||||
| 21 | Total Expenses(sum L10 - L20): | $22,851 | ¬ | 42.9% | 41.9% | ® | $22,979 | ||||
| 22 | Net Operating Income(L9 minus L21): | $30,375 | $31,843 | ||||||||
| 23 | Less Annual Debt Service: | 21,441 | ¬ | 40.3% | 39.1% | ® | 21,441 | ||||
| 24 | Net Income (Cash Flow) L22-L23): | 8,934 | 10,402 | ||||||||
| 25 | CAP RATE (NOI ¸ PURCHASE PRICE): | 9.61% | 10.08% | ||||||||
| 26 | RETURN ON INVESTMENT (NI ¸ DOWN): | 14.14% | 16.46% | ||||||||
| Estimated Financing | |||||||||||
| Purchase Price: | $316,000 | 7.00% | :Interest | ||||||||
| 20% | Down: | $ 63,200 | 25 | :Years Amortized | |||||||
| Amount Financed: | $252,800 | $ 1,786.74 | :P&I Monthly Payment | ||||||||
| Description: | VERY NICE 13 UNIT 2-STORY BRICK AND STUCCO BUILDING WITH A SPANISH TILE ROOF. UNITS HAVE HARDWOOD FLOORS AND NATURAL WOODWORK WITH CROWN MOLDING. GREAT OCCUPANCY AND SOLID TENANTS. LARGE BASEMENT FOR STORAGE. COMPLEX OWNS THE LAUNDRY EQUIPMENT. | ||||||||||
| Information deemed reliable but not guaranteed | |||||||||||