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MULTI -
FAMILY STAT / PROFORMA SHEET |
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Property
Address: |
215
North Mersington |
Reece & Nichols Realtors |
City: |
Kansas City |
State: |
MO |
Zip: |
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BRICE
BRADSHAW |
Date: |
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Listing Price: |
$289,000 |
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 |
5 |
2 |
1 |
$450 |
$2,250 |
$27,000 |
450 |
$2,250 |
$27,000 |
2 |
2 |
1 |
$425 |
$850 |
$10,200 |
450 |
$900 |
$10,800 |
3 |
2 |
1 |
$385 |
$1,155 |
$13,860 |
450 |
$1,350 |
$16,200 |
2 |
2 |
1 |
$375 |
$750 |
$9,000 |
450 |
$900 |
$10,800 |
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$0 |
$0 |
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$0 |
$0 |
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$0 |
$0 |
0 |
$0 |
$0 |
TOTALS |
$5,005 |
$60,060 |
TOTALS |
$5,400 |
$64,800 |
PROFORMA |
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ß |
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ß |
6 |
GROSS SCHEDULED INCOME: |
$60,060 |
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% GSI |
% GSI |
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$64,800 |
7 |
Less Vacancy and Credit Losses: |
$4,805
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¬ |
8.0% |
8.0% |
® |
$5,184 |
8 |
Other Income |
$900 |
¬ |
1.5% |
1.4% |
® |
$900 |
9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$56,155 |
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% AGI |
% AGI |
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$60,516 |
10 |
Less Accounting and Legal |
$300 |
¬ |
0.5% |
0.5% |
® |
$300 |
11 |
Less Advertising: |
$300 |
¬ |
0.5% |
0.5% |
® |
$300 |
12 |
Less Repair and Maintenance: |
$6,000 |
¬ |
10.7% |
9.9% |
® |
$6,000 |
13 |
Less Insurance: |
$3,700 |
¬ |
6.6% |
6.1% |
® |
$3,700 |
14 |
Less Management: |
$4,420 |
¬ |
8.0% |
8.0% |
® |
$4,769 |
15 |
Less Taxes: |
$1,781 |
¬ |
3.2% |
2.9% |
® |
$1,781 |
16 |
Trash & Pest Control |
$900 |
¬ |
1.6% |
1.5% |
® |
$900 |
17 |
Electric |
$1,377 |
¬ |
2.5% |
2.3% |
® |
$1,377 |
18 |
Heating Fuel |
$2,300 |
¬ |
4.1% |
3.8% |
® |
$2,300 |
19 |
Water & Sewer |
$3,100 |
¬ |
5.5% |
5.1% |
® |
$3,100 |
20 |
Less Other: |
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¬ |
0.0% |
0.0% |
® |
$0 |
21 |
Total Expenses(sum L10 - L20): |
$24,178 |
¬ |
43.1% |
40.5% |
® |
$24,527 |
22 |
Net Operating Income(L9 minus L21): |
$31,977 |
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$35,989 |
23 |
Less Annual Debt Service: |
$ 19,609 |
¬ |
34.9% |
32.4% |
® |
$ 19,609 |
24 |
Net Income (Cash Flow) L22-L23): |
12,368 |
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16,380 |
25 |
CAP RATE (NOI ¸ PURCHASE PRICE): |
11.06% |
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12.45% |
26 |
RETURN ON INVESTMENT (NI
¸ DOWN): |
21.40% |
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28.34% |
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Estimated Financing |
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Purchase
Price: |
$289,000 |
7.00% |
:Interest |
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20% |
Down: |
$
57,800 |
25 |
:Years Amortized |
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Amount
Financed: |
$
231,200 |
$
1,634.07 |
:P&I Monthly Payment |
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Description: |
Nice
13 plex in the old Historic Northeast.
Sits adjacent to beautiful Gladstone Boulevard and is only 3 blocks
from the Kansas City Museum. This
complex features vinyl replacement windows, large two bedroom units and one
basement studio, some off street parking, the electrical service and breaker
boxes have all been upgraded in 2005.
The current owner has spent money upgrading this complex, however, it
needs about $35,000 more to complete the process. 4 units need make readies, the hallways painted and it needs a
new roof. We have a bid for $12,000
for a new roof. |
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Information deemed
reliable but not guaranteed |
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