MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 1135 West 41st  
City: Kansas City State: MO  Zip   BRICE BRADSHAW
      Listing Price: $299,000 Phone: 913-901-6305
     
     
KCCommercial.net
Unit Description    Current Data     Market Rental Data
# of Units # Bed # Bath Unit Rent Mo. Rent Yearly Rent Unit Rent Mo. Rent Yearly Rent
1 1 2 $795 $795 $9,540 $795 $795 $9,540
1 1 1 $715 $715 $8,580 $795 $795 $9,540
1 1 1 $675 $675 $8,100 $725 $725 $8,700
1 1 1 $650 $650 $7,800 $725 $725 $8,700
                 
                 
TOTALS $2,835 $34,020 TOTALS $3,040 $36,480
 PROFORMA        
6          GROSS SCHEDULED INCOME: $34,020   % GSI % GSI   $36,480
7        Vacancy and Credit Losses: $1,021 3.0%[1] 3.0%[2] $1,094
8 Other Income: $100 0.3% 0.3% $100
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $33,099   % AGI % AGI   $35,486
10     0.0% 0.0%  
11     0.0% 0.0%  
12 Repairs and Maintenance: $2,800 8.5% 7.9% $2,800
13 Cleaning, Lawn Care and Snow Removal: $1,200 3.6% 3.4% $1,200
14 Management: $2,648 8.0%[3] 8.0%[4] $2,839
15 Insurance: $1,665 5.0% 4.7% $1,665
16 Taxes: $2,565 7.7% 7.2% $2,565
17 Water: $1,210 3.7% 3.4% $1,210
18 Gas and Electric: $434 1.3% 1.2% $434
19 Replacement Reserves: $1,000 3.0% 2.8% $1,000
20  Other:     0.0% 0.0%  
21 Total Expenses(sum L10 - L20): $13,522 40.9% 38.6% $13,713
22 Net Operating Income(L9 minus L21): $19,577         $21,773
23 Less Annual Debt Service: 12,847 38.8% 36.2% 12,847
24 Net Income (Cash Flow) L22-L23): 6,730 8,926
25 CAP RATE (NOI  PURCHASE PRICE): 6.55% 7.28%
26 RETURN ON INVESTMENT (NI  DOWN): 9.00% 11.94%
           Estimated Financing              
Purchase Price: $299,000 4.00% :Interest      
25%  Down: $74,750 30 :Years Amortized    
Amount Financed: $224,250 $1,070.60 :P&I Monthly Payment          
   
 
 
 
 
 
 
 
 
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 Commercial/KCCommercial.net 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.

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