| MULTI - FAMILY STAT / PROFORMA SHEET | |||||||||||
| Property Address: | The Devereaux Apartments 3616 Warwick | Reece & Nichols Realtors | |||||||||
| City: | Kansas City | State: | Mo. | Zip: | 64111 | BRICE BRADSHAW | |||||
| Date: | Listing Price: | $2,250,000 | 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 | |||
| 49 | 2 | 1 | $524 | $25,676 | $308,112 | 0 | $0 | $0 | |||
| 11 | 1 | 1 | $428 | $4,708 | $56,496 | 0 | $0 | $0 | |||
| $0 | $0 | 0 | $0 | $0 | |||||||
| $0 | $0 | 0 | $0 | $0 | |||||||
| $0 | $0 | 0 | $0 | $0 | |||||||
| $0 | $0 | 0 | $0 | $0 | |||||||
| TOTALS | $30,384 | $364,608 | TOTALS | $0 | $0 | ||||||
| PROFORMA | ß | ß | |||||||||
| 6 | GROSS SCHEDULED INCOME: | $364,608 | % GSI | % GSI | $0 | ||||||
| 7 | Less Vacancy and Credit Losses: | $29,169 | ¬ | 8.0% | 0.0% | ® | $0 | ||||
| 8 | Other Income | $2,400 | ¬ | 0.7% | #DIV/0! | ® | $0 | ||||
| 9 | ADJUSTED GROSS INCOME (L6-(L7+L8)): | $337,839 | % AGI | % AGI | $0 | ||||||
| 10 | Less Accounting and Legal | $1,500 | ¬ | 0.4% | #DIV/0! | ® | $0 | ||||
| 11 | Less Advertising: | $1,200 | ¬ | 0.4% | #DIV/0! | ® | $0 | ||||
| 12 | Less Repair and Maintenance: | $25,000 | ¬ | 7.4% | #DIV/0! | ® | $0 | ||||
| 13 | Less Insurance: | $19,800 | ¬ | 5.9% | #DIV/0! | ® | $0 | ||||
| 14 | Less Management: | $26,835 | ¬ | 8.0% | 0.0% | ® | $0 | ||||
| 15 | Less Taxes: | $17,759 | ¬ | 5.3% | #DIV/0! | ® | $0 | ||||
| 16 | Refuse | $2,627 | ¬ | 0.8% | #DIV/0! | ® | $0 | ||||
| 17 | Electric | $6,007 | ¬ | 1.8% | #DIV/0! | ® | $0 | ||||
| 18 | Heating Fuel | $9,360 | ¬ | 2.8% | #DIV/0! | ® | $0 | ||||
| 19 | Water & Sewer | $15,738 | ¬ | 4.7% | #DIV/0! | ® | $0 | ||||
| 20 | Less Other: | Replacement Reserves | $0 | ¬ | 0.0% | #DIV/0! | ® | $0 | |||
| 21 | Total Expenses(sum L10 - L20): | $125,826 | ¬ | 37.2% | #DIV/0! | ® | $0 | ||||
| 22 | Net Operating Income(L9 minus L21): | $212,013 | $0 | ||||||||
| 23 | Less Annual Debt Service: | $ 145,845 | ¬ | 43.2% | #DIV/0! | ® | $ - | ||||
| 24 | Net Income (Cash Flow) L22-L23): | 66,168 | 0 | ||||||||
| 25 | CAP RATE (NOI ¸ PURCHASE PRICE): | 9.42% | 0.00% | ||||||||
| 26 | RETURN ON INVESTMENT (NI ¸ DOWN): | 14.70% | 0.00% | ||||||||
| Estimated Financing | |||||||||||
| Purchase Price: | $2,250,000 | 6.50% | :Interest | ||||||||
| 20% | Down: | $ 450,000 | 25 | :Years Amortized | |||||||
| Amount Financed: | $ 1,800,000 | $ 12,153.73 | :P&I Monthly Payment | ||||||||
| Description: | This is a great 60 unit apartment complex in the "Hyde Park" district of Midtown Kansas City, Missouri. Large modern apartments with Dishwashers and Disposals. Off-Street parking and 3 Laundry facilities for the tenants. Each unit has forced air gas furnaces and central air. The complex is located between downtown K.C. Mo. and the famous "Country Club Plaza". Only blocks from the "Westort" Entertainment Area and minutes from Interstate I-70. | ||||||||||
| Information deemed reliable but not guaranteed | |||||||||||