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MULTI - FAMILY STAT / PROFORMA SHEET |
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Property Address: |
Stoneybrook
East |
Reece & Nichols Realtors |
City: |
Independence |
State: |
MO |
Zip |
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BRICE
BRADSHAW |
Date: |
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Listing Price: |
$1,295,000 |
Phone: |
913-219-7074 |
MLS No. |
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Fax: |
913-901-6450 |
Directions: |
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BILL HARGIS 913-901-6352 |
www.kccommercial.net |
Unit Description |
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Current Rental Data |
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Market
Rental Data |
# of Units |
# Bed |
# Bath |
Unit Rent |
Mo. Rent |
Yearly Rent |
Unit Rent |
Mo. Rent |
Yearly Rent |
6 |
1 |
1 |
$400 |
$2,400 |
$28,800 |
$460 |
$2,760 |
$33,120 |
8 |
1 |
1 |
$418 |
$3,344 |
$40,128 |
$460 |
$3,680 |
$44,160 |
6 |
1 |
1 |
$460 |
$2,760 |
$33,120 |
$460 |
$2,760 |
$33,120 |
8 |
2 |
1 |
$500 |
$4,000 |
$48,000 |
$535 |
$4,280 |
$51,360 |
3 |
2 |
1 |
$515 |
$1,545 |
$18,540 |
$535 |
$1,605 |
$19,260 |
16 |
2 |
1 |
$535 |
$8,560 |
$102,720 |
$535 |
$8,560 |
$102,720 |
TOTALS |
$22,609 |
$271,308 |
TOTALS |
$23,645 |
$283,740 |
PROFORMA |
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6 |
GROSS SCHEDULED INCOME: |
$271,308 |
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% GSI |
% GSI |
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$283,740 |
7 |
Vacancy and Credit Losses: |
$20,348
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¬ |
7.5%[1] |
6.0%[2] |
® |
$17,024 |
8 |
Laundry, RUBS, Fees and Misc. Income: |
$49,100 |
¬ |
18.1% |
17.3% |
® |
$49,100 |
9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$300,060 |
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% AGI |
% AGI |
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$315,816 |
10 |
Accounting
and Legal: |
$4,800 |
¬ |
1.6% |
1.5% |
® |
$4,800 |
11 |
Advertising: |
$4,800 |
¬ |
1.6% |
1.5% |
® |
$4,800 |
12 |
Repair and Maintenance: |
$36,000 |
¬ |
12.0% |
11.4% |
® |
$36,000 |
13 |
Insurance: |
$11,750 |
¬ |
3.9% |
3.7% |
® |
$11,750 |
14 |
Management: |
$30,115 |
¬ |
12.0%[3] |
12.0%[4] |
® |
$32,006 |
15 |
Taxes: |
$15,550 |
¬ |
5.2% |
4.9% |
® |
$15,550 |
16 |
Contracted Services: |
$9,600 |
¬ |
3.2% |
3.0% |
® |
$9,600 |
17 |
Utilities: |
$43,300 |
¬ |
14.4% |
13.7% |
® |
$43,300 |
18 |
Replacement Reserves: |
$9,600 |
¬ |
3.2% |
3.0% |
® |
$9,600 |
19 |
Misc: |
$2,000 |
¬ |
0.7% |
0.6% |
® |
$2,000 |
20 |
Other: |
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¬ |
0.0% |
0.0% |
® |
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21 |
Total Expenses(sum L10 - L20): |
$167,515 |
¬ |
55.8% |
53.6% |
® |
$169,406 |
22 |
Net Operating Income(L9 minus L21): |
$132,545 |
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$146,410 |
23 |
Less Annual Debt Service: |
95,705 |
¬ |
31.9% |
30.3% |
® |
95,705 |
24 |
Net Income (Cash Flow) L22-L23): |
36,839 |
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50,704 |
25 |
CAP RATE (NOI ¸ PURCHASE PRICE): |
10.24% |
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11.31% |
26 |
RETURN ON INVESTMENT (NI ¸ DOWN): |
14.22% |
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19.58% |
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Estimated Financing |
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Purchase Price: |
$1,295,000 |
7.97% |
:Interest |
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20% |
Down: |
$
259,000 |
25 |
:Years Amortized |
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Amount Financed: |
$1,036,000 |
$
7,975.44 |
:P&I Monthly Payment |
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Description: |
Loan must be assumed.
Loan originated 10/2000.
Original loan amount $1,175,000 due Nov. 1, 2010. |
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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 and
Nichols and Nichols Realtors/Hargis Real Estate Group 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. |
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