MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 2733 Campbell Reece & Nichols Realtors
City: Kansas City State: MO Zip 66109 BRICE BRADSHAW
Date:     Listing Price: $208,000 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
8 1 1 $415 $3,320 $39,840 $425 $3,400 $40,800
      $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 $3,320 $39,840 TOTALS $3,400 $40,800
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $39,840   % GSI % GSI   $40,800
7        Vacancy and Credit Losses: $1,992 ¬ 5.0% 5.0% ® $2,040
8 Other Income: $300 ¬ 0.8% 0.7% ® $300
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $38,148   % AGI % AGI   $39,060
10  Accounting and Legal: $0 ¬ 0.0% 0.0% ® $0
11                                      Advertising: $300 ¬ 0.8% 0.8% ® $300
12           Repair and Maintenance: $4,000 ¬ 10.5% 10.2% ® $4,000
13                                         Insurance: $2,400 ¬ 6.3% 6.1% ® $2,400
14                                 Management: $3,028 ¬ 8.0% 8.0% ® $3,101
15                                                 Taxes: $1,090 ¬ 2.9% 2.8% ® $1,090
16 Refuse: $960 ¬ 2.5% 2.5% ® $960
17 Electric: $760 ¬ 2.0% 1.9% ® $760
18 Gas: $1,200 ¬ 3.1% 3.1% ® $1,200
19 Water and Sewer: $1,800 ¬ 4.7% 4.6% ® $1,800
20  Other:     ¬ 0.0% 0.0% ®  
21 Total Expenses(sum L10 - L20): $15,538 ¬ 40.7% 40.0% ® $15,611
22 Net Operating Income(L9 minus L21): $22,610         $23,449
23 Less Annual Debt Service: 14,113 ¬ 37.0% 36.1% ® 14,113
24 Net Income (Cash Flow) L22-L23): 8,497 9,336
25 CAP RATE (NOI ¸ PURCHASE PRICE): 10.87% 11.27%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 20.43% 22.44%
           Estimated Financing              
Purchase Price: $208,000 7.00% :Interest      
20%  Down:  $             41,600 25 :Years Amortized    
Amount Financed: $166,400  $   1,176.08 :P&I Monthly Payment          
Description: This 8 unit complex is currently vacant and in need light rehab.  It is in an excellent location with good rental demand.  There are some appliances included.  The units are 1 bedroom and 1 bathroom and are heated and cooled with TPAC units.  The property has upgraded electrical, off street parking, with newer concrete driveway, and the common areas are in excellent condition.  The units are all electric and have charm.  The building sits just blocks from Childrens Mercy Hospital, Truman Medical Center, UMKC Medical School, UMKC Dental School, The Ronald McDonald House, the Hyatt Regency, Crown Center and Hallmark Cards World Headquarters.  Each unit does need some level of work.  This is an great value added oppurtunity in an excellent area.
 
 
 
 
 
 
 
 
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.