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MULTI - FAMILY STAT / PROFORMA SHEET |
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Property Address: |
902 East
39th |
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City: |
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State: |
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Zip |
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BRICE
BRADSHAW |
Date: |
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Listing Price: |
$319,000 |
Phone: |
913-901-6305 |
MLS No. |
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Fax: |
913-901-6450 |
Directions: |
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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 |
9 |
1 |
1 |
$400 |
$3,600 |
$43,200 |
$425 |
$3,825 |
$45,900 |
1 |
1 |
1 |
$610 |
$610 |
$7,320 |
$620 |
$620 |
$7,440 |
2 |
1 |
1 |
$620 |
$1,240 |
$14,880 |
$620 |
$1,240 |
$14,880 |
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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 |
$5,450 |
$65,400 |
TOTALS |
$5,685 |
$68,220 |
PROFORMA |
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§ |
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§ |
6 |
GROSS SCHEDULED INCOME: |
$65,400 |
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% GSI |
% GSI |
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$68,220 |
7 |
Vacancy and Credit Losses: |
$3,270 |
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5.0%[1] |
5.0%[2] |
¨ |
$3,411 |
8 |
Other Income: |
$900 |
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1.4% |
1.3% |
¨ |
$900 |
9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$63,030 |
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% AGI |
% AGI |
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$65,709 |
10 |
Accounting and Legal: |
$500 |
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0.8% |
0.8% |
¨ |
$500 |
11 |
Advertising: |
$250 |
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0.4% |
0.4% |
¨ |
$250 |
12 |
Repair and Maintenance: |
$9,000 |
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14.3% |
13.7% |
¨ |
$9,000 |
13 |
Insurance: |
$2,600 |
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4.1% |
4.0% |
¨ |
$2,600 |
14 |
Management: |
$4,970 |
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8.0%[3] |
8.0%[4] |
¨ |
$5,185 |
15 |
Taxes: |
$1,625 |
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2.6% |
2.5% |
¨ |
$1,625 |
16 |
Refuse: |
$0 |
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0.0% |
0.0% |
¨ |
$0 |
17 |
Electric: |
$5,000 |
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7.9% |
7.6% |
¨ |
$5,000 |
18 |
Gas: |
$0 |
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0.0% |
0.0% |
¨ |
$0 |
19 |
Water & Sewer: |
$4,000 |
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6.3% |
6.1% |
¨ |
$4,000 |
20 |
Other: |
Misc: |
$3,200 |
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5.1% |
4.9% |
¨ |
$3,200 |
21 |
Total Expenses(sum L10 - L20): |
$31,145 |
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49.4% |
47.7% |
¨ |
$31,360 |
22 |
Net Operating Income(L9 minus L21): |
$31,885 |
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$34,349 |
23 |
Less Annual Debt Service: |
18,062 |
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28.7% |
27.5% |
¨ |
18,062 |
24 |
Net Income (Cash Flow) L22-L23): |
13,823 |
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16,288 |
25 |
CAP RATE (NOI ü PURCHASE PRICE): |
10.00% |
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10.77% |
26 |
RETURN ON INVESTMENT (NI ü DOWN): |
17.33% |
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20.42% |
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Estimated Financing |
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Purchase Price: |
$319,000 |
5.75% |
:Interest |
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25% |
Down: |
$ 79,750 |
25 |
:Years Amortized |
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Amount Financed: |
$239,250 |
$ 1,505.14 |
:P&I Monthly Payment |
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Description: |
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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. |