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MULTI -
FAMILY STAT / PROFORMA SHEET |
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Property
Address: |
4009-4015
Charlotte |
Reece & Nichols Realtors |
City: |
Kansas City |
State: |
Mo |
Zip: |
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BRICE
BRADSHAW |
Date: |
6/1/2005 |
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Listing Price: |
$399,000 |
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 |
2 |
1 |
$475 |
$2,850 |
$34,200 |
525 |
$3,150 |
$37,800 |
6 |
2 |
1 |
$475 |
$2,850 |
$34,200 |
525 |
$3,150 |
$37,800 |
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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 |
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$0 |
$0 |
0 |
$0 |
$0 |
TOTALS |
$5,700 |
$68,400 |
TOTALS |
$6,300 |
$75,600 |
PROFORMA |
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ß |
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ß |
6 |
GROSS SCHEDULED INCOME: |
$68,400 |
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% GSI |
% GSI |
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$75,600 |
7 |
Less Vacancy and Credit Losses: |
$3,420
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¬ |
5.0% |
5.0% |
® |
$3,780 |
8 |
Other Income |
$360 |
¬ |
0.5% |
0.5% |
® |
$360 |
9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$65,340 |
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% AGI |
% AGI |
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$72,180 |
10 |
Less Accounting and Legal |
$300 |
¬ |
0.5% |
0.4% |
® |
$300 |
11 |
Less Advertising: |
$437 |
¬ |
0.7% |
0.6% |
® |
$437 |
12 |
Less Repair and Maintenance: |
$4,800 |
¬ |
7.3% |
6.7% |
® |
$4,800 |
13 |
Less Insurance: |
$3,400 |
¬ |
5.2% |
4.7% |
® |
$3,400 |
14 |
Less Management: |
$5,198 |
¬ |
8.0% |
8.0% |
® |
$5,746 |
15 |
Less Taxes: |
$2,050 |
¬ |
3.1% |
2.8% |
® |
$2,050 |
16 |
Trash & Pest Control |
$700 |
¬ |
1.1% |
1.0% |
® |
$700 |
17 |
Utilities |
$10,900 |
¬ |
16.7% |
15.1% |
® |
$10,900 |
18 |
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¬ |
0.0% |
0.0% |
® |
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19 |
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¬ |
0.0% |
0.0% |
® |
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20 |
Less Other: |
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¬ |
0.0% |
0.0% |
® |
$0 |
21 |
Total Expenses(sum L10 - L20): |
$27,785 |
¬ |
42.5% |
39.3% |
® |
$28,333 |
22 |
Net Operating Income(L9 minus L21): |
$37,555
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$43,847 |
23 |
Less Annual Debt Service: |
$ 27,997 |
¬ |
42.8% |
38.8% |
® |
$ 27,997 |
24 |
Net Income (Cash Flow) L22-L23): |
9,557 |
|
15,850 |
25 |
CAP RATE (NOI ¸ PURCHASE PRICE): |
9.41% |
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10.99% |
26 |
RETURN ON INVESTMENT (NI
¸ DOWN): |
11.98% |
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19.86% |
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Estimated Financing |
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Purchase
Price: |
$399,000 |
6.25% |
:Interest |
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20% |
Down: |
$
79,800 |
20 |
:Years Amortized |
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Amount
Financed: |
$
319,200 |
$
2,333.12 |
:P&I Monthly Payment |
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Description: |
2 SIX UNIT 3-STORY APARTMENT BUILDINGS IN MIDTOWN KANSAS CITY,
MO. ALL APARTMENTS ARE 2-BEDROOMS AND
1-BATH. BOTH BUILDINGS HAVE NEW ROOFS
AND REAR WOOD DECKS. MAJOR PLUMBING
AND ELECTRICAL UPGRADES WERE DONE IN 2004.
ONE BUILDING HAS NEW FORCED AIR GAS FURNACES AND CENTRAL AIR. THERE
HAS BEEN MAJOR REHAB TO THE INTERIOR. BOTH BUILDINGS HAVE SECURED
ENTRIES. LOCATED ON A QUIET WOODED
MIDTOWN STREET. |
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Information deemed
reliable but not guaranteed |
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