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MULTI - FAMILY STAT / PROFORMA SHEET | ||||||||||
| Property Address: | 609 Benton Blvd. | BILL HARGIS CRS, RECS | |||||||||
| City: | Kansas City | State: | Mo. | Zip: | 64124 | Reece & Nichols Realtors | |||||
| Date: | Listing Price: | $580,000 | Phone: | 913-901-6352 | |||||||
| MLS No. | Fax: | 913-901-6450 | |||||||||
| Directions: | [email protected] | ||||||||||
| 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 | |||
| 5 | 1 | 1 | $400 | $2,000 | $24,000 | $0 | $0 | ||||
| 17 | 1 | 1 | $375 | $6,375 | $76,500 | 0 | $0 | $0 | |||
| 2 | 1 | 1 | $350 | $700 | $8,400 | 0 | $0 | $0 | |||
| 0 | 0 | 0 | $0 | $0 | $0 | 0 | $0 | $0 | |||
| 0 | 0 | 0 | $0 | $0 | $0 | 0 | $0 | $0 | |||
| 0 | 0 | 0 | $0 | $0 | $0 | 0 | $0 | $0 | |||
| TOTALS | $9,075 | $108,900 | TOTALS | $0 | $0 | ||||||
| PROFORMA | ß | ß | |||||||||
| 6 | GROSS SCHEDULED INCOME: | $108,900 | % GSI | % GSI | $0 | ||||||
| 7 | Less Vacancy and Credit Losses: | $5,445 | ¬ | 5.0% | 5.0% | ® | $0 | ||||
| 8 | Other Income | $1,000 | ¬ | 0.9% | #DIV/0! | ® | $0 | ||||
| 9 | ADJUSTED GROSS INCOME (L6-(L7+L8)): | $104,455 | % AGI | % AGI | $0 | ||||||
| 10 | Less Accounting and Legal: | $500 | ¬ | 0.5% | #DIV/0! | ® | |||||
| 11 | Less Advertising: | $200 | ¬ | 0.2% | #DIV/0! | ® | |||||
| 12 | Less Repair and Maintenance: | $10,000 | ¬ | 9.6% | #DIV/0! | ® | |||||
| 13 | Less Insurance: | $6,040 | ¬ | 5.8% | #DIV/0! | ® | |||||
| 14 | Less Management: | $8,276 | ¬ | 8.0% | 8.0% | ® | $0 | ||||
| 15 | Less Taxes: | $2,297 | ¬ | 2.2% | #DIV/0! | ® | |||||
| 16 | Trash & Pest Control | $1,800 | ¬ | 1.7% | #DIV/0! | ® | |||||
| 17 | Electric | $2,365 | ¬ | 2.3% | #DIV/0! | ® | |||||
| 18 | Heating Fuel | $4,800 | ¬ | 4.6% | #DIV/0! | ® | |||||
| 19 | Water & Sewer | $5,760 | ¬ | 5.5% | #DIV/0! | ® | |||||
| 20 | Less Other: | ¬ | 0.0% | #DIV/0! | ® | $0 | |||||
| 21 | Total Expenses(sum L10 - L20): | $42,038 | ¬ | 40.2% | #DIV/0! | ® | $0 | ||||
| 22 | Net Operating Income(L9 minus L21): | $62,417 | $0 | ||||||||
| 23 | Less Annual Debt Service: | $ 40,698 | ¬ | 39.0% | #DIV/0! | ® | $ - | ||||
| 24 | Net Income (Cash Flow) L22-L23): | 21,719 | 0 | ||||||||
| 25 | CAP RATE (NOI ¸ PURCHASE PRICE): | 10.76% | 0.00% | ||||||||
| 26 | RETURN ON INVESTMENT (NI ¸ DOWN): | 18.72% | 0.00% | ||||||||
| Estimated Financing | |||||||||||
| Purchase Price: | $580,000 | 6.25% | :Interest | ||||||||
| 20% | Down: | $ 116,000 | 20 | :Years Amortized | |||||||
| Amount Financed: | $ 464,000 | $ 3,391.51 | :P&I Monthly Payment | ||||||||
| Description: | 4 BRICK AND FRAME 6-UNIT BUILDINGS WITH ASPHALT PARKING LOT. NEW PRIVACY FENCE AND MUCH UPDATING COMPLETED. LARGE 1-BEDROOM APARTMENTS WITH HARDWOOD FLOORS. FORCED AIR GAS FURNACES. CLOSE TO DOWNTOWN KANSAS CITY, MISSOURI AND ONLY MINUTES FORM I-70 AND I-35. GREAT LOCATION IN THE HISTORIC NORTHEAST SECTION OF K.C. | ||||||||||
| Information deemed reliable but not guaranteed | |||||||||||