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MULTI - FAMILY STAT / PROFORMA SHEET |
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Property Address: |
Crystal
Ridge Townhomes |
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City: |
Kansas City |
State: |
KS |
Zip: |
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BRICE
BRADSHAW |
Date: |
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Listing Price: |
$2,400,000 |
Phone: |
913-901-6305 |
MLS No. |
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Directions: |
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Unit Description |
Current Data |
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Market
Rental Data |
# of Units |
# Bed |
# Bath |
Unit Rent |
Mo. Rent |
Yearly Rent |
Unit Rent |
Mo. Rent |
Yearly Rent |
12 |
2 |
2.5 |
$870 |
$10,440 |
$125,280 |
$890 |
$10,680 |
$128,160 |
2 |
2 |
2
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$870 |
$1,740 |
$20,880 |
$890 |
$1,780 |
$21,360 |
10 |
3 |
2.5 |
$970 |
$9,700 |
$116,400 |
$990 |
$9,900 |
$118,800 |
6 |
3 |
2.5 |
$970 |
$5,820 |
$69,840 |
$990 |
$5,940 |
$71,280 |
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$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
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$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
TOTALS |
$27,700 |
$332,400 |
TOTALS |
$28,300 |
$339,600 |
PROFORMA |
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§ |
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6 |
GROSS SCHEDULED INCOME: |
$332,400 |
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% GSI |
% GSI |
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$339,600 |
7 |
Vacancy,
Loss to Lease and Credit Losses: |
$19,944 |
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6.0%[1] |
5.0%[2] |
¨ |
$16,980 |
8 |
Other Income: |
$9,000 |
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2.7% |
2.7% |
¨ |
$9,000 |
9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$321,456 |
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% AGI |
% AGI |
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$331,620 |
10 |
Administration: |
$7,600 |
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2.4% |
2.3% |
¨ |
$7,600 |
11 |
Repairs and Maintenance: |
$16,000 |
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5.0% |
4.8% |
¨ |
$16,000 |
12 |
Utilities (Vacant Units): |
$3,000 |
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0.9% |
0.9% |
¨ |
$3,000 |
13 |
Management and Payroll: |
$32,146 |
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10.0% |
10.0% |
¨ |
$33,162 |
14 |
Taxes and Insurance: |
$56,000 |
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17.4%[3] |
16.9%[4] |
¨ |
$56,000 |
15 |
Cleaning , Lawn Care and Snow Removal: |
$5,000 |
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1.6% |
1.5% |
¨ |
$5,000 |
16 |
Replacement Reserves: |
$9,000 |
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2.8% |
2.7% |
¨ |
$9,000 |
17 |
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0.0% |
0.0% |
¨ |
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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 |
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0.0% |
0.0% |
¨ |
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21 |
Total Expenses(sum L10 - L20): |
$128,746 |
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40.1% |
39.1% |
¨ |
$129,762 |
22 |
Net Operating Income(L9 minus L21): |
$192,710 |
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$201,858 |
23 |
Less Annual Debt Service: |
120,060 |
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37.3% |
36.2% |
¨ |
120,060 |
24 |
Net Income (Cash Flow) L22-L23): |
72,651 |
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81,798 |
25 |
CAP RATE (NOI ü PURCHASE PRICE): |
8.03% |
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8.41% |
26 |
RETURN ON INVESTMENT (NI ü DOWN): |
12.11% |
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13.63% |
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Estimated Financing |
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Purchase Price: |
$2,400,000 |
4.50% |
:Interest |
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25% |
Down: |
$600,000 |
25 |
:Years Amortized |
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Amount Financed: |
$1,800,000 |
$10,004.98 |
:P&I Monthly Payment |
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Description: |
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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 interest them in this
purchase, and Reece Commercial/KCCommercial.net makes no warranty as to the
accuracy of such information.
Interested persons are expected to acquaint themselves 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. |