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MULTI -
FAMILY STAT / PROFORMA SHEET |
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Property
Address: |
2841
PASEO |
Brice Bradshaw |
City: |
KANSAS CITY |
State: |
MO. |
Zip: |
64109 |
Reece
& Nichols Realtors |
Date: |
|
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Listing Price: |
$369,000 |
Phone: |
913-901-6305 |
MLS No. |
1140152 |
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Fax: |
913-901-6450 |
Directions: |
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[email protected] |
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 |
6 |
2 |
1 |
$450 |
$2,700 |
$32,400 |
450 |
$2,700 |
$32,400 |
6 |
2 |
1 |
$425 |
$2,550 |
$30,600 |
450 |
$2,700 |
$32,400 |
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 |
$0 |
$0 |
$0 |
0 |
$0 |
$0 |
TOTALS |
$5,250 |
$63,000 |
TOTALS |
$5,400 |
$64,800 |
PROFORMA |
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ß |
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ß |
6 |
GROSS SCHEDULED INCOME: |
$63,000 |
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% GSI |
% GSI |
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$64,800 |
7 |
Less Vacancy and Credit Losses: |
$3,150
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¬ |
5.0% |
5.0% |
® |
$3,240 |
8 |
Other Income |
$600 |
¬ |
1.0% |
0.9% |
® |
$600 |
9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$60,450 |
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% AGI |
% AGI |
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$62,160 |
10 |
Less Accounting and Legal: |
$400 |
¬ |
0.7% |
0.6% |
® |
$400 |
11 |
Less Advertising: |
$200 |
¬ |
0.3% |
0.3% |
® |
$200 |
12 |
Less Repair and Maintenance: |
$4,800 |
¬ |
7.9% |
7.7% |
® |
$4,800 |
13 |
Less Insurance: |
$3,500 |
¬ |
5.8% |
5.6% |
® |
$3,500 |
14 |
Less Management: |
$4,788 |
¬ |
8.0% |
8.0% |
® |
$4,925 |
15 |
Less Taxes: |
$1,700 |
¬ |
2.8% |
2.7% |
® |
$1,700 |
16 |
Trash & Pest Control |
$1,180 |
¬ |
2.0% |
1.9% |
® |
$1,180 |
17 |
Utilities |
$6,200 |
¬ |
10.3% |
10.0% |
® |
$6,200 |
18 |
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$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
19 |
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$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
20 |
Less Other: |
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$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
21 |
Total Expenses(sum L10 - L20): |
$22,768 |
¬ |
37.7% |
36.8% |
® |
$22,905 |
22 |
Net Operating Income(L9 minus L21): |
$37,682
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$39,255 |
23 |
Less Annual Debt Service: |
$ 25,892 |
¬ |
42.8% |
41.7% |
® |
$ 25,892 |
24 |
Net Income (Cash Flow) L22-L23): |
11,790 |
|
13,363 |
25 |
CAP RATE (NOI ¸ PURCHASE PRICE): |
10.21% |
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10.64% |
26 |
RETURN ON INVESTMENT (NI
¸ DOWN): |
15.98% |
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18.11% |
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Estimated Financing |
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Purchase
Price: |
$369,000 |
6.25% |
:Interest |
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20% |
Down: |
$
73,800 |
20 |
:Years Amortized |
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Amount
Financed: |
$
295,200 |
$
2,157.70 |
:P&I Monthly Payment |
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Description: |
2,
3-STORY BRICK AND FRAME 6-UNIT BUILDINGS WITH STEEL SIDING. ALL LARGE 2-BEDROOM UNITS WITH UPGRADED
ELECTRICAL AND PLUMBING. THESE
BUILDINGS FEATURE FORCED AIR GAS FURNACES AND CENTRAL AIR, SECURED ENTRYWAYS,
NEWER WINDOWS AND ONSITE LAUNDRY FACILITIES.
THE BUILDINGS HAVE OFFSTREET PARKING.
EACH UNIT HAS A COVERED BALCONY . 6 UNITS WERE JUST REMODELED IN MARCH
OF 04' WITH MOSTLY NEW APPLIANCES AND 4 NEW FURNACES HAVE BEEN INSTALLED.
MOST UNITS HAVE A BERAUTIFUL VIEW OF THE LAKE AND CITY PARK. |
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Information deemed
reliable but not guaranteed |
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