MULTI - FAMILY STAT / PROFORMA SHEET          
MLS No. 206 E. Miami Street Reece & Nichols Realtors
City: Hiawatha State: Ks. Zip 66434 BRICE BRADSHAW
Date:   20807 Listing Price: $1,325,000 Phone: 913-219-7074
MLS No.     Fax:                913-901-6450
Directions:   BILL HARGIS 913-901-6352
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
13 1 1 $300 $3,900 $46,800 $350 $4,550 $54,600
20 2 1    $375 $7,500 $90,000 $425 $8,500 $102,000
10 3 1.5 $477 $4,770 $57,240 $495 $4,950 $59,400
1 1 Office $0 $0 $0 $0 $0 $0
0     $0 $0 $0 $0 $0 $0
0     $0 $0 $0 $0 $0 $0
TOTALS $16,170 $194,040 TOTALS $18,000 $216,000
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $194,040   % GSI % GSI   $216,000
7        Vacancy and Credit Losses: $9,702 ¬ 5.0% 5.0% ® $10,800
8 Other Income: $1,275 ¬ 0.7% 0.6% ® $1,275
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $185,613   % AGI % AGI   $206,475
10 Administrative Expenses $1,472 ¬ 0.8% 0.7% ® $1,472
11                                      Advertising: $128 ¬ 0.1% 0.1% ® $128
12           Repair and Maintenance: $5,025 ¬ 2.7% 2.4% ® $5,025
13                                         Insurance: $6,400 ¬ 3.4% 3.1% ® $6,400
14                                 Management and Contract Services: $18,434 ¬ 10.0% 8.0% ® $16,416
15                                                 Taxes: $12,000 ¬ 6.5% 5.8% ® $12,000
16 Refuse: $2,880 ¬ 1.6% 1.4% ® $2,880
17 Common Electric: $2,704 ¬ 1.5% 1.3% ® $2,704
18 Gas: $572 ¬ 0.3% 0.3% ® $572
19 Water & Sewer: $8,523 ¬ 4.6% 4.1% ® $8,523
20  Other: Misc. $10,000 ¬ 5.4% 4.8% ® $10,000
21 Total Expenses(sum L10 - L20): $68,138 ¬ 36.7% 32.0% ® $66,120
22 Net Operating Income(L9 minus L21): $117,475         $140,355
23 Less Annual Debt Service: 80,399 ¬ 43.3% 38.9% ® 80,399
24 Net Income (Cash Flow) L22-L23): 37,076 59,956
25 CAP RATE (NOI ¸ PURCHASE PRICE): 8.87% 10.59%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 13.99% 22.62%
           Estimated Financing              
Purchase Price: $1,325,000 6.50% :Interest      
20%  Down:  $          265,000 30 :Years Amortized    
Amount Financed: $1,060,000  $   6,699.92 :P&I Monthly Payment          
Description:  
 
 
 
 
 
 
 
 
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.