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MULTI -
FAMILY STAT / PROFORMA SHEET |
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Property
Address: |
2729
CAMPBELL |
Reece & Nichols Realtors |
City: |
KANSAS CITY |
State: |
MO. |
Zip: |
64109 |
BRICE
BRADSHAW |
Date: |
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Listing Price: |
$529,999 |
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 |
1 |
1 |
1 |
$500 |
$500 |
$6,000 |
500 |
$500 |
$6,000 |
4 |
1 |
1 |
$450 |
$1,800 |
$21,600 |
450 |
$1,800 |
$21,600 |
3 |
1 |
1 |
$425 |
$1,275 |
$15,300 |
450 |
$1,350 |
$16,200 |
6 |
STUDIO |
1 |
$375 |
$2,250 |
$27,000 |
375 |
$2,250 |
$27,000 |
1 |
STUDIO |
1 |
$360 |
$360 |
$4,320 |
375 |
$375 |
$4,500 |
1 |
STUDIO |
1 |
$350 |
$350 |
$4,200 |
375 |
$375 |
$4,500 |
TOTALS |
$6,535 |
$78,420 |
TOTALS |
$6,650 |
$79,800 |
PROFORMA |
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ß |
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ß |
6 |
GROSS SCHEDULED INCOME: |
$78,420 |
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% GSI |
% GSI |
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$79,800 |
7 |
Less Vacancy and Credit Losses: |
$3,921
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¬ |
5.0% |
5.0% |
® |
$3,990 |
8 |
Storage Units, Laundry & Other Income |
$3,100 |
¬ |
4.0% |
3.9% |
® |
$3,100 |
9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$77,599 |
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% AGI |
% AGI |
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$78,910 |
10 |
Less Accounting and Legal |
$500 |
¬ |
0.6% |
0.6% |
® |
$500 |
11 |
Less Advertising: |
$300 |
¬ |
0.4% |
0.4% |
® |
$300 |
12 |
Less Repair and Maintenance: |
$4,500 |
¬ |
5.8% |
5.7% |
® |
$4,500 |
13 |
Less Insurance: |
$3,960 |
¬ |
5.1% |
5.0% |
® |
$3,960 |
14 |
Less Management: |
$5,960 |
¬ |
8.0% |
8.0% |
® |
$6,065 |
15 |
Less Taxes: |
$1,133 |
¬ |
1.5% |
1.4% |
® |
$1,133 |
16 |
Refuse |
$900 |
¬ |
1.2% |
1.1% |
® |
$900 |
17 |
Electric |
$1,197 |
¬ |
1.5% |
1.5% |
® |
$1,197 |
18 |
Gas |
$2,461 |
¬ |
3.2% |
3.1% |
® |
$2,461 |
19 |
Water & Sewer |
$1,560 |
¬ |
2.0% |
2.0% |
® |
$1,560 |
20 |
Less Other: |
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$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
21 |
Total Expenses(sum L10 - L20): |
$22,471 |
¬ |
29.0% |
28.6% |
® |
$22,576 |
22 |
Net Operating Income(L9 minus L21): |
$55,128 |
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$56,334 |
23 |
Less Annual Debt Service: |
$ 37,935 |
¬ |
48.9% |
48.1% |
® |
$ 37,935 |
24 |
Net Income (Cash Flow) L22-L23): |
17,193 |
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18,400 |
25 |
CAP RATE (NOI ¸ PURCHASE PRICE): |
10.40% |
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10.63% |
26 |
RETURN ON INVESTMENT (NI
¸ DOWN): |
16.22% |
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17.36% |
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Estimated Financing |
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Purchase
Price: |
$529,999 |
6.50% |
:Interest |
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20% |
Down: |
$
106,000 |
20 |
:Years Amortized |
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Amount
Financed: |
$
423,999 |
$
3,161.22 |
:P&I Monthly Payment |
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Description: |
A GREAT 16-UNIT 2-STORY BRICK BUILDING WITH PARKING LOT IN THE REAR. NEW ROOF, REPLACEMENT WINDOWS, NEW REAR
BALCONIES. HEATING/COOLING HEATPUMPS
IN EACH UNIT. ALL NEW ELECTRICAL AND
PLUMBING FROM THE GROUND UP. ALL NEW
KITCHENS WITH STOVE, REFRIG. MICROWAVE AND NEW CABINETS. NEW BATHS, HARDWOOD
FLOORS, NEW DOORS AND EACH UNIT.
CAT-5 INTERNET WIRED. LAUNDRY
FACILITY IN BASEMENT ALONG WITH STORAGE UNITS AND AN EXCERCISE ROOM WITH
EQUIPMENT. NEW HALLWAY EMERGENCY LIGHTING AND SMOKE DETECTION SYSTEM. NEW
WROUGHT IRON FENCE. |
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Information deemed
reliable but not guaranteed |
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