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MULTI -
FAMILY STAT / PROFORMA SHEET |
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Property
Address: |
3532
Troost (The Shelby) |
Reece & Nichols Realtors |
City: |
Kansas City |
State: |
MO |
Zip: |
66109 |
BRICE
BRADSHAW |
Date: |
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Listing Price: |
$259,000 |
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 |
3 |
2 |
1 |
$450 |
$1,350 |
$16,200 |
495 |
$1,485 |
$17,820 |
1 |
2 |
1 |
$475 |
$475 |
$5,700 |
495 |
$495 |
$5,940 |
2 |
2 |
1 |
$495 |
$990 |
$11,880 |
495 |
$990 |
$11,880 |
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$0 |
$0 |
0 |
$0 |
$0 |
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$0 |
$0 |
0 |
$0 |
$0 |
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$0 |
$0 |
0 |
$0 |
$0 |
TOTALS |
$2,815 |
$33,780 |
TOTALS |
$2,970 |
$35,640 |
PROFORMA |
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ß |
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ß |
6 |
GROSS SCHEDULED INCOME: |
$33,780 |
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% GSI |
% GSI |
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$35,640 |
7 |
Less Vacancy and Credit Losses: |
$1,689
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¬ |
5.0% |
5.0% |
® |
$1,782 |
8 |
Other Income |
$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$32,091 |
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% AGI |
% AGI |
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$33,858 |
10 |
Less Accounting and Legal |
$100 |
¬ |
0.3% |
0.3% |
® |
$100 |
11 |
Less Advertising: |
$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
12 |
Less Repair and Maintenance: |
$2,400 |
¬ |
7.5% |
7.1% |
® |
$2,400 |
13 |
Less Insurance: |
$1,700 |
¬ |
5.3% |
5.0% |
® |
$1,700 |
14 |
Less Management: |
$2,567 |
¬ |
8.0% |
8.0% |
® |
$2,709 |
15 |
Less Taxes: |
$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
16 |
Trash & Pest Control |
$300 |
¬ |
0.9% |
0.9% |
® |
$300 |
17 |
Electric |
$480 |
¬ |
1.5% |
1.4% |
® |
$480 |
18 |
Heating Fuel |
$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
19 |
Water & Sewer |
$50 |
¬ |
0.2% |
0.1% |
® |
$50 |
20 |
Less Other: |
Misc |
$225 |
¬ |
0.7% |
0.7% |
® |
$225 |
21 |
Total Expenses(sum L10 - L20): |
$7,822 |
¬ |
24.4% |
23.5% |
® |
$7,964 |
22 |
Net Operating Income(L9 minus L21): |
$24,269 |
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$25,894 |
23 |
Less Annual Debt Service: |
$ 17,573 |
¬ |
54.8% |
51.9% |
® |
$ 17,573 |
24 |
Net Income (Cash Flow) L22-L23): |
6,695 |
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8,321 |
25 |
CAP RATE (NOI ¸ PURCHASE PRICE): |
9.37% |
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10.00% |
26 |
RETURN ON INVESTMENT (NI
¸ DOWN): |
12.93% |
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16.06% |
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Estimated Financing |
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Purchase
Price: |
$259,000 |
7.00% |
:Interest |
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20% |
Down: |
$
51,800 |
25 |
:Years Amortized |
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Amount
Financed: |
$
207,200 |
$
1,464.45 |
:P&I Monthly Payment |
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Description: |
Wonderful historic six plex that is in great shape. This complex has old world charm with new
amenities. Within the last 2.5 years
this complex has had a new roof, new sewer line and all units have been
redone. All units have central air,
dishwashers, individual hot water heaters and approximately 1100 sq.ft. in
the spacious 2 bedrooms units. Hallways
have recently been repainted and the wood floors redone. Units have individual electric meters, gas
meters and the very rare individual water meters. Complex is 100% occupied.
Plenty of off street parking in the paved parking lot. Property is on a master key system. The tax expense number is correct. Property is owned by the wife of the
listing agent (she owned it before they got married). She is a licensed broker in Kansas and a
licensed agent in Missouri. |
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