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MULTI - FAMILY STAT / PROFORMA SHEET |
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Property Address: |
585 North
Somerset Terrace |
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City: |
Olathe |
State: |
KS |
Zip |
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BRICE
BRADSHAW |
Date: |
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Listing Price: |
$335,000 |
Phone: |
913-901-6305 |
MLS No. |
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Directions: |
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KCCommercial.net |
Unit Description |
Current Data |
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Market
Rental Data |
# of Units |
# Bed |
# Bath |
Unit Rent |
Mo. Rent |
Yearly Rent |
Unit Rent |
Mo. Rent |
Yearly Rent |
8 |
1 |
1 |
$513 |
$4,104 |
$49,248 |
$525 |
$4,200 |
$50,400 |
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$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
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$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
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$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
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$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
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$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
TOTALS |
$4,104 |
$49,248 |
TOTALS |
$4,200 |
$50,400 |
PROFORMA |
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§ |
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§ |
6 |
GROSS SCHEDULED INCOME: |
$49,248 |
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% GSI |
% GSI |
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$50,400 |
7 |
Vacancy
and Credit Losses: |
$2,462 |
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5.0%[1] |
5.0%[2] |
¨ |
$2,520 |
8 |
Other Income: |
$360 |
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0.7% |
0.7% |
¨ |
$360 |
9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$47,146 |
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% AGI |
% AGI |
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$48,240 |
10 |
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0.0% |
0.0% |
¨ |
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11 |
Administrative: |
$600 |
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1.3% |
1.2% |
¨ |
$600 |
12 |
Repairs and Maintenance: |
$6,000 |
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12.7% |
12.4% |
¨ |
$6,000 |
13 |
Cleaning, Lawn Care and Snow Removal: |
$1,200 |
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2.5% |
2.5% |
¨ |
$1,200 |
14 |
Management: |
$4,007 |
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8.5%[3] |
8.5%[4] |
¨ |
$4,100 |
15 |
Insurance: |
$3,200 |
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6.8% |
6.6% |
¨ |
$3,200 |
16 |
Taxes: |
$3,451 |
 |
7.3% |
7.2% |
¨ |
$3,451 |
17 |
Utilities: |
$825 |
 |
1.7% |
1.7% |
¨ |
$825 |
18 |
Replacement Reserves: |
$2,400 |
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5.1% |
5.0% |
¨ |
$2,400 |
19 |
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0.0% |
0.0% |
¨ |
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20 |
Other: |
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0.0% |
0.0% |
¨ |
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21 |
Total Expenses(sum L10 - L20): |
$21,683 |
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46.0% |
45.1% |
¨ |
$21,776 |
22 |
Net Operating Income(L9 minus L21): |
$25,462 |
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$26,464 |
23 |
Less Annual Debt Service: |
16,333 |
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34.6% |
33.9% |
¨ |
16,333 |
24 |
Net Income (Cash Flow) L22-L23): |
9,129 |
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10,130 |
25 |
CAP RATE (NOI ü PURCHASE PRICE): |
7.60% |
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7.90% |
26 |
RETURN ON INVESTMENT (NI ü DOWN): |
10.90% |
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12.10% |
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Estimated Financing |
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Purchase Price: |
$335,000 |
4.25% |
:Interest |
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25% |
Down: |
$83,750 |
25 |
:Years Amortized |
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Amount Financed: |
$251,250 |
$1,361.12 |
:P&I Monthly Payment |
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