| MULTI - FAMILY STAT / PROFORMA
SHEET |
|
| Property
Address: |
DEER RUN APTS,
13615 WHITE |
BILL
HARGIS CRS, RECS |
| City: |
GRANDVIEW |
State: |
MO. |
Zip: |
64030 |
Reece
& Nichols Realtors |
| Date: |
90203 |
Listing Price: |
$4,250,000 |
Phone: |
913-901-6352 |
| MLS No. |
1105050 |
|
Fax: |
913-901-6450 |
| Directions: |
|
[email protected] |
| www.kccommercial.net |
| Unit Description |
|
Current Rental Data |
|
|
|
Market
Rental Data |
| # of Units |
# Bed |
# Bath |
Unit Rent |
Mo. Rent |
Yearly Rent |
Unit Rent |
Mo. Rent |
Yearly Rent |
| 60 |
2 |
1 |
$560 |
$33,600 |
$403,200 |
0 |
$0 |
$0 |
| 64 |
1 |
1 |
$460 |
$29,440 |
$353,280 |
0 |
$0 |
$0 |
| 0 |
1 |
1 |
$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 |
$63,040 |
$756,480 |
TOTALS |
$0 |
$0 |
| PROFORMA |
|
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|
ß |
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|
|
|
ß |
| 6 |
GROSS SCHEDULED INCOME: |
$756,480 |
|
% GSI |
% GSI |
|
$0 |
| 7 |
Less Vacancy and Credit Losses: |
$37,824
|
¬ |
5.0% |
5.0% |
® |
$0 |
| 8 |
Other Income |
$29,309 |
¬ |
3.9% |
|
® |
$0 |
| 9 |
ADJUSTED GROSS INCOME (L6-(L7+L8)): |
$747,965 |
|
% AGI |
% AGI |
|
$0 |
| 10 |
Less Accounting and Legal: |
$3,500 |
¬ |
0.0% |
#DIV/0! |
® |
$0 |
| 11 |
Less Advertising: |
$6,785 |
¬ |
0.9% |
#DIV/0! |
® |
$0 |
| 12 |
Less Repair and Maintenance, Material only |
$8,900 |
¬ |
1.2% |
#DIV/0! |
® |
$0 |
| 13 |
2003 Insurance Premium |
$24,500 |
¬ |
3.3% |
#DIV/0! |
® |
$0 |
| 14 |
New Owner Management |
$35,933 |
¬ |
5.0% |
0.0% |
® |
$0 |
| 15 |
Less Taxes: |
$24,600 |
¬ |
3.3% |
#DIV/0! |
® |
$0 |
| 16 |
Trash, Pest Control and Owners Utilities |
$67,681 |
¬ |
9.0% |
#DIV/0! |
® |
$0 |
| 17 |
Office Supplies Etc. |
$4,532 |
¬ |
0.6% |
#DIV/0! |
® |
$0 |
| 18 |
Office and Maintenance Payroll |
$67,488 |
¬ |
9.0% |
#DIV/0! |
® |
$0 |
| 19 |
|
$0 |
¬ |
0.0% |
#DIV/0! |
® |
$0 |
| 20 |
Less Other: |
|
$0 |
¬ |
0.0% |
#DIV/0! |
® |
$0 |
| 21 |
Total Expenses(sum L10 - L20): |
$243,919 |
¬ |
32.6% |
#DIV/0! |
® |
$0 |
| 22 |
Net Operating Income(L9 minus L21): |
$504,046 |
|
|
|
|
$0 |
| 23 |
Less Annual Debt Service: |
271,380 |
¬ |
36.3% |
####### |
® |
|
| 24 |
Net Income (Cash Flow) L22-L23): |
232,666 |
|
#VALUE! |
| 25 |
CAP RATE (NOI ¸ PURCHASE PRICE): |
11.86% |
|
0.00% |
| 26 |
RETURN ON INVESTMENT (NI ¸ DOWN): |
21.15% |
|
#VALUE! |
| |
|
Estimated Financing |
|
|
|
|
|
|
|
| Purchase
Price: |
$4,250,000 |
7.00% |
:Interest |
|
|
|
|
|
|
| |
Down: |
$
1,100,000 |
25 |
:Years Amortized |
|
|
|
|
|
| Amount
Financed: |
$
3,150,000 |
$
22,615.00 |
:P&I Monthly Payment |
|
|
|
|
|
| Description: |
TOTAL RENOVATION IN 2000 & 2001, NEW PLUMBING, ELECTRICAL,
SIDING, ROOFS, KITCHENS AND BATHS. CLUBHOUSE, LAUNDRY ROOMS, FITNESS ROOM,
PLAYGROUND AND EQUIPMENT. ALL LAUNDRY AND VENDING MACHINES ARE OWNED BY THE
COMPLEX AND GO WITH THE SALE. NOTE:
THERE IS A QUAL. ASSUMABLE LOAN OF APPROX. $3,150,000 AT 7% FIXED FOR 10YRS.
(8 YRS. LEFT) WITH 25 YR. AMORT. 1
POINT TO ASSUME |
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Information deemed
reliable but not guaranteed |
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