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MULTI -
FAMILY STAT / PROFORMA SHEET |
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Property
Address: |
715 E.
29TH STREET |
BILL HARGIS CRS, RECS |
City: |
KANSAS CITY |
State: |
MO. |
Zip: |
64109 |
Reece
& Nichols Realtors |
Date: |
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Listing Price: |
$154,900 |
Phone: |
913-901-6352 |
MLS No. |
1219719 |
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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 |
3 |
1 |
1 |
$425 |
$1,275 |
$15,300 |
465 |
$1,395 |
$16,740 |
1 |
1 |
1 |
$330 |
$330 |
$3,960 |
465 |
$465 |
$5,580 |
1 |
1 |
1 |
$410 |
$410 |
$4,920 |
465 |
$465 |
$5,580 |
1 |
1 |
1 |
$500 |
$500 |
$6,000 |
500 |
$500 |
$6,000 |
0 |
0 |
0 |
$0 |
$0 |
$0 |
0 |
$0 |
$0 |
0 |
0 |
0 |
$0 |
$0 |
$0 |
0 |
$0 |
$0 |
TOTALS |
$2,515 |
$30,180 |
TOTALS |
$2,825 |
$33,900 |
PROFORMA |
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ß |
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ß |
6 |
GROSS SCHEDULED INCOME: |
$30,180 |
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% GSI |
% GSI |
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$33,900 |
7 |
Less Vacancy and Credit Losses: |
$1,509
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¬ |
5.0% |
5.0% |
® |
$1,695 |
8 |
Other Income |
$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$28,672 |
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% AGI |
% AGI |
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$32,205 |
10 |
Less Accounting and Legal: |
$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
11 |
Less Advertising: |
$0 |
¬ |
0.0% |
0.0% |
® |
$0 |
12 |
Less Repair and Maintenance: |
$2,400 |
¬ |
8.4% |
7.5% |
® |
$2,400 |
13 |
Less Insurance: |
$2,450 |
¬ |
8.5% |
7.6% |
® |
$2,450 |
14 |
Less Management: |
$2,294 |
¬ |
8.0% |
8.0% |
® |
$2,576 |
15 |
Less Taxes: |
$876 |
¬ |
3.1% |
2.7% |
® |
$876 |
16 |
Trash & Pest Control |
$100 |
¬ |
0.3% |
0.3% |
® |
$100 |
17 |
Utilities |
$7,817 |
¬ |
27.3% |
24.3% |
® |
$7,817 |
18 |
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¬ |
0.0% |
0.0% |
® |
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19 |
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¬ |
0.0% |
0.0% |
® |
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20 |
Less Other: |
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¬ |
0.0% |
0.0% |
® |
$0 |
21 |
Total Expenses(sum L10 - L20): |
$15,937 |
¬ |
55.6% |
50.4% |
® |
$16,219 |
22 |
Net Operating Income(L9 minus L21): |
$12,735
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$15,986 |
23 |
Less Annual Debt Service: |
$ 10,654 |
¬ |
37.2% |
33.1% |
® |
$ 10,654 |
24 |
Net Income (Cash Flow) L22-L23): |
2,082 |
|
5,332 |
25 |
CAP RATE (NOI ¸ PURCHASE PRICE): |
8.22% |
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10.32% |
26 |
RETURN ON INVESTMENT (NI ¸ DOWN): |
6.72% |
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17.21% |
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Estimated Financing |
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Purchase
Price: |
$154,900 |
6.00% |
:Interest |
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20% |
Down: |
$
30,980 |
20 |
:Years Amortized |
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Amount
Financed: |
$
123,920 |
$
887.80 |
:P&I Monthly Payment |
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TAL |
A
NICE 6 UNIT BRICK BUILDING CLOSE TO CHILDRENS MERCY HOSPITAL, HALLMARK WORLD
HEADQUARTERS, CROWN CENTER AND TRUMAN MEDICAL CENTER. THIS GRAND BUILDING WAS CONSTRUCTED IN
1908 AND HAS FORCED AIR GAS HEAT AND HAS BEEN 100% OCCUPIED FOR OVER THE PAST
YEAR AND A HALF. THE BUILDING IS UNER
PROFESSIONAL MANAGEMENT AND THEY SAY IT IS A VERY EASY PROPERTY TO MANAGE
WITH LOW MAINTENANCE AND VERY FEW TENANT ISSUES. THE TAX ROLLS SHOW 4,620 SQUARE FEET. |
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Information deemed
reliable but not guaranteed |
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