|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MULTI -
FAMILY STAT / PROFORMA SHEET |
|
|
|
|
|
Property
Address: |
4448-4450
Virginia |
Reece & Nichols Realtors |
City: |
Kansas City |
State: |
MO |
|
|
BRICE
BRADSHAW |
Date: |
|
|
Listing Price: |
$316,000 |
Phone: |
913-219-7074 |
MLS No. |
|
|
Fax: |
913-901-6450 |
Directions: |
|
BILL HARGIS 913-901-6352 |
www.kccommercial.net |
Unit Description |
|
Current Rental Data |
|
|
|
Market
Rental Data |
# of Units |
# Bed |
# Bath |
Unit Rent |
Mo. Rent |
Yearly Rent |
Unit Rent |
Mo. Rent |
Yearly Rent |
9 |
studio |
1 |
$350 |
$3,150 |
$37,800 |
360 |
$3,240 |
$38,880 |
2 |
studio |
1 |
$335 |
$670 |
$8,040 |
360 |
$720 |
$8,640 |
1 |
studio |
1 |
$395 |
$395 |
$4,740 |
395 |
$395 |
$4,740 |
1 |
1 |
1 |
$375 |
$375 |
$4,500 |
375 |
$375 |
$4,500 |
0 |
|
|
$0 |
$0 |
$0 |
0 |
$0 |
$0 |
0 |
|
|
$0 |
$0 |
$0 |
0 |
$0 |
$0 |
TOTALS |
$4,590 |
$55,080 |
TOTALS |
$4,730 |
$56,760 |
PROFORMA |
|
|
|
ß |
|
|
|
|
ß |
6 |
GROSS SCHEDULED INCOME: |
$55,080 |
|
% GSI |
% GSI |
|
$56,760 |
7 |
Less Vacancy and Credit Losses: |
$2,754
|
¬ |
5.0% |
5.0% |
® |
$2,838 |
8 |
Other Income |
$900 |
¬ |
1.6% |
1.6% |
® |
$900 |
9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$53,226 |
|
% AGI |
% AGI |
|
$54,822 |
10 |
Less Accounting and Legal |
$250 |
¬ |
0.5% |
0.5% |
® |
$250 |
11 |
Less Advertising: |
$100 |
¬ |
0.2% |
0.2% |
® |
$100 |
12 |
Less Repair and Maintenance: |
$3,600 |
¬ |
6.8% |
6.6% |
® |
$3,600 |
13 |
Less Insurance: |
$2,893 |
¬ |
5.4% |
5.3% |
® |
$2,893 |
14 |
Less Management: |
$4,186 |
¬ |
8.0% |
8.0% |
® |
$4,314 |
15 |
Less Taxes: |
$919 |
¬ |
1.7% |
1.7% |
® |
$919 |
16 |
Trash & Pest Control |
$1,200 |
¬ |
2.3% |
2.2% |
® |
$1,200 |
17 |
Electric |
$950 |
¬ |
1.8% |
1.7% |
® |
$950 |
18 |
Heating Fuel |
$6,932 |
¬ |
13.0% |
12.6% |
® |
$6,932 |
19 |
Water & Sewer |
$1,821 |
¬ |
3.4% |
3.3% |
® |
$1,821 |
20 |
Less Other: |
|
$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
21 |
Total Expenses(sum L10 - L20): |
$22,851 |
¬ |
42.9% |
41.9% |
® |
$22,979 |
22 |
Net Operating Income(L9 minus L21): |
$30,375
|
|
|
|
|
$31,843 |
23 |
Less Annual Debt Service: |
21,441 |
¬ |
40.3% |
39.1% |
® |
21,441 |
24 |
Net Income (Cash Flow) L22-L23): |
8,934 |
|
10,402 |
25 |
CAP RATE (NOI ¸ PURCHASE PRICE): |
9.61% |
|
10.08% |
26 |
RETURN ON INVESTMENT (NI ¸ DOWN): |
14.14% |
|
16.46% |
|
|
Estimated Financing |
|
|
|
|
|
|
|
Purchase
Price: |
$316,000 |
7.00% |
:Interest |
|
|
|
|
|
|
20% |
Down: |
$
63,200 |
25 |
:Years Amortized |
|
|
|
|
|
Amount
Financed: |
$252,800 |
$
1,786.74 |
:P&I Monthly Payment |
|
|
|
|
|
Description: |
VERY NICE 13 UNIT 2-STORY BRICK AND STUCCO BUILDING WITH A
SPANISH TILE ROOF. UNITS HAVE
HARDWOOD FLOORS AND NATURAL WOODWORK WITH CROWN MOLDING. GREAT OCCUPANCY AND SOLID TENANTS. LARGE BASEMENT FOR STORAGE. COMPLEX OWNS THE LAUNDRY EQUIPMENT. |
|
|
|
|
|
|
|
|
|
|
Information deemed
reliable but not guaranteed |
|
|
|
|
|
|
|
|
|
|
|
|
|