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MULTI - FAMILY STAT / PROFORMA SHEET | ||||||||||
| Property Address: | Kansas City Portfolio | ||||||||||
| City: | Kansas City | State: | MO | Zip | |||||||
| Date: | Listing Price: | $2,400,000 | |||||||||
| MLS No. | |||||||||||
| Directions: | |||||||||||
| Unit Description | Current Rental Data | Market Rental Data | |||||||||
| # of Units | # Bed | # Bath | Unit Rent | Mo. Rent | Yearly Rent | Unit Rent | Mo. Rent | Yearly Rent | |||
| 37 | 2 | 1 | $506 | $18,722 | $224,664 | $506 | $18,722 | $224,664 | |||
| 46 | 1 | 1 | $385 | $17,710 | $212,520 | $385 | $17,710 | $212,520 | |||
| 14 | 1 | $314 | $4,396 | $52,752 | $314 | $4,396 | $52,752 | ||||
| $0 | $0 | $0 | $0 | $0 | $0 | ||||||
| $0 | $0 | $0 | $0 | $0 | $0 | ||||||
| $0 | $0 | $0 | $0 | $0 | |||||||
| TOTALS | $40,828 | $489,936 | TOTALS | $40,828 | $489,936 | ||||||
| PROFORMA | § | § | |||||||||
| 6 | GROSS SCHEDULED INCOME: | $489,936 | % GSI | % GSI | $489,936 | ||||||
| 7 | Vacancy and Credit Losses: | $39,195 | Â | 8.0%[1] | 8.0%[2] | ¨ | $39,195 | ||||
| 8 | Other Income: | $0 | Â | 0.0% | 0.0% | ¨ | $0 | ||||
| 9 | ADJUSTED GROSS INCOME (L6-(L7+L8)): | $450,741 | % AGI | % AGI | $450,741 | ||||||
| 10 | Accounting and Legal: | $4,750 | Â | 1.1% | 1.1% | ¨ | $4,750 | ||||
| 11 | Advertising: | $4,950 | Â | 1.1% | 1.1% | ¨ | $4,950 | ||||
| 12 | Repair and Maintenance: | $38,550 | Â | 8.6% | 8.6% | ¨ | $38,550 | ||||
| 13 | Insurance: | $14,350 | Â | 3.2% | 3.2% | ¨ | $14,350 | ||||
| 14 | Management and payroll: | $39,440 | Â | 8.8%[3] | 11.0%[4] | ¨ | $49,582 | ||||
| 15 | Taxes: | $12,200 | Â | 2.7% | 2.7% | ¨ | $12,200 | ||||
| 16 | Refuse: | $7,250 | Â | 1.6% | 1.6% | ¨ | $7,250 | ||||
| 17 | Electric: | $18,250 | Â | 4.0% | 4.0% | ¨ | $18,250 | ||||
| 18 | Gas: | $3,150 | Â | 0.7% | 0.7% | ¨ | $3,150 | ||||
| 19 | Water and Sewer: | $24,950 | Â | 5.5% | 5.5% | ¨ | $24,950 | ||||
| 20 | Other: | Contracted Services and Misc: | $7,420 | Â | 0.0% | 1.6% | ¨ | $7,420 | |||
| 21 | Total Expenses(sum L10 - L20): | $175,260 | Â | 38.9% | 41.1% | ¨ | $185,402 | ||||
| 22 | Net Operating Income(L9 minus L21): | $275,481 | $265,340 | ||||||||
| 23 | Less Annual Debt Service: | 126,271 | Â | 28.0% | 28.0% | ¨ | 126,271 | ||||
| 24 | Net Income (Cash Flow) L22-L23): | 149,210 | 139,068 | ||||||||
| 25 | CAP RATE (NOI ü PURCHASE PRICE): | 11.48% | 11.06% | ||||||||
| 26 | RETURN ON INVESTMENT (NI ü DOWN): | 24.87% | 23.18% | ||||||||
| Estimated Financing | |||||||||||
| Purchase Price: | $2,400,000 | 5.00% | :Interest | ||||||||
| 25% | Down: | $600,000 | 25 | :Years Amortized | |||||||
| Amount Financed: | $1,800,000 | $10,522.62 | :P&I Monthly Payment | ||||||||
| 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 interest them in this purchase, and Reece Commercial/KCCommercial.net makes no warranty as to the accuracy of such information. Interested persons are expected to acquaint themselves 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. | |||||||||||