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MULTI -
FAMILY STAT / PROFORMA SHEET |
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Property
Address: |
3214-20 St. John |
Reece & Nichols Realtors |
City: |
Kansas City |
State: |
Mo. |
Zip |
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BRICE
BRADSHAW |
Date: |
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81506 |
Listing Price: |
$419,000 |
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 |
2 |
2 |
1 |
$550 |
$1,100 |
$13,200 |
475 |
$950 |
$11,400 |
4 |
2 |
1 |
$450 |
$1,800 |
$21,600 |
475 |
$1,900 |
$22,800 |
4 |
2 |
1 |
$425 |
$1,700 |
$20,400 |
475 |
$1,900 |
$22,800 |
1 |
2 |
1 |
$400 |
$400 |
$4,800 |
475 |
$475 |
$5,700 |
1 |
2 |
1 |
$375 |
$375 |
$4,500 |
475 |
$475 |
$5,700 |
0 |
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$0 |
$0 |
$0 |
0 |
$0 |
$0 |
TOTALS |
$5,375 |
$64,500 |
TOTALS |
$5,700 |
$68,400 |
PROFORMA |
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ß |
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ß |
6 |
GROSS SCHEDULED INCOME: |
$64,500 |
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% GSI |
% GSI |
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$68,400 |
7 |
Less Vacancy and Credit Losses: |
$3,225
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¬ |
5.0% |
5.0% |
® |
$3,420 |
8 |
Other Income |
$1,100 |
¬ |
1.7% |
1.6% |
® |
$1,100 |
9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$62,375 |
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% AGI |
% AGI |
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$66,080 |
10 |
Less Accounting and Legal |
$300 |
¬ |
0.5% |
0.5% |
® |
$300 |
11 |
Less Advertising: |
$100 |
¬ |
0.2% |
0.2% |
® |
$100 |
12 |
Less Repair and Maintenance: |
$3,600 |
¬ |
5.8% |
5.4% |
® |
$3,600 |
13 |
Less Insurance: |
$3,735 |
¬ |
6.0% |
5.7% |
® |
$3,735 |
14 |
Less Management: |
$4,902 |
¬ |
8.0% |
8.0% |
® |
$5,198 |
15 |
Less Taxes: |
$1,662 |
¬ |
2.7% |
2.5% |
® |
$1,662 |
16 |
Trash & Pest Control |
$1,300 |
¬ |
2.1% |
2.0% |
® |
$1,300 |
17 |
Electric |
$1,100 |
¬ |
1.8% |
1.7% |
® |
$1,100 |
18 |
Heating Fuel |
$3,500 |
¬ |
5.6% |
5.3% |
® |
$3,500 |
19 |
Water & Sewer |
$3,800 |
¬ |
6.1% |
5.8% |
® |
$3,800 |
20 |
Less Other: |
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$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
21 |
Total Expenses(sum L10 - L20): |
$23,999 |
¬ |
38.5% |
36.8% |
® |
$24,295 |
22 |
Net Operating Income(L9 minus L21): |
$38,376
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$41,785 |
23 |
Less Annual Debt Service: |
28,429 |
¬ |
45.6% |
43.0% |
® |
28,429 |
24 |
Net Income (Cash Flow) L22-L23): |
9,947 |
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13,355 |
25 |
CAP RATE (NOI ¸ PURCHASE PRICE): |
9.16% |
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9.97% |
26 |
RETURN ON INVESTMENT (NI
¸ DOWN): |
11.87% |
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15.94% |
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Estimated Financing |
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Purchase
Price: |
$419,000 |
7.00% |
:Interest |
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20% |
Down: |
$ 83,800 |
25 |
:Years Amortized |
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Amount
Financed: |
$335,200 |
$
2,369.12 |
:P&I Monthly Payment |
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Description: |
VERY NICE 2 BUILDING COMPLEX.
MUCH UPSIDE POTENTIAL. THE
PROPERTY FEATURES OFF-STREET PARKING WITH 4 COVERED PARKING SPOTS. THE COMPLEX IS LOCATED IN THE HISTORIC
NORTHEAST AREA OF KANSAS CITY WITHIN 2 BLOCKS OF THE JOHN F. KENNEDY MEMORIAL
PARK, THE ST JOHN FOUNTAIN AND THE KANSAS CITY MUSEUM. SOME RENTS SHOULD GO UP TO STAY WITH THE
MARKET. THE BUILDINGS ARE IN VERY
GOOD SHAPE. |
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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 interst them in this
purchase, and Reece and Nichols and Nichols Realtors/Hargis Real Estate Group
makes no warranty as to the accuracy of such information. Interested persons are expected to
acquaint themsleves 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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