MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 2841 PASEO Brice Bradshaw
City: KANSAS CITY State: MO.  Zip: 64109 Reece & Nichols Realtors
Date:     Listing Price: $369,000 Phone: 913-901-6305
MLS No. 1140152   Fax:                913-901-6450
Directions:   bradshaw12@prodigy.net
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
6 2 1 $450 $2,700 $32,400 450 $2,700 $32,400
6 2 1 $425 $2,550 $30,600 450 $2,700 $32,400
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 0 $0 $0
TOTALS $5,250 $63,000 TOTALS $5,400 $64,800
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $63,000   % GSI % GSI   $64,800
7        Less Vacancy and Credit Losses: $3,150 ¬ 5.0% 5.0% ® $3,240
8 Other Income $600 ¬ 1.0% 0.9% ® $600
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $60,450   % AGI % AGI   $62,160
10                  Less Accounting and Legal: $400 ¬ 0.7% 0.6% ® $400
11                                      Less Advertising: $200 ¬ 0.3% 0.3% ® $200
12           Less Repair and Maintenance: $4,800 ¬ 7.9% 7.7% ® $4,800
13                                         Less Insurance: $3,500 ¬ 5.8% 5.6% ® $3,500
14                                 Less Management: $4,788 ¬ 8.0% 8.0% ® $4,925
15                                                Less Taxes: $1,700 ¬ 2.8% 2.7% ® $1,700
16 Trash & Pest Control $1,180 ¬ 2.0% 1.9% ® $1,180
17 Utilities $6,200 ¬ 10.3% 10.0% ® $6,200
18   $0 ¬ 0.0% 0.0% ® $0
19   $0 ¬ 0.0% 0.0% ® $0
20 Less Other:   $0 ¬ 0.0% 0.0% ® $0
21 Total Expenses(sum L10 - L20): $22,768 ¬ 37.7% 36.8% ® $22,905
22 Net Operating Income(L9 minus L21): $37,682         $39,255
23 Less Annual Debt Service:  $      25,892 ¬ 42.8% 41.7% ®  $   25,892
24 Net Income (Cash Flow) L22-L23): 11,790 13,363
25 CAP RATE (NOI ¸ PURCHASE PRICE): 10.21% 10.64%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 15.98% 18.11%
           Estimated Financing              
Purchase Price: $369,000 6.25% :Interest      
20%  Down:  $       73,800 20 :Years Amortized    
Amount Financed:  $     295,200  $       2,157.70 :P&I Monthly Payment          
Description: 2, 3-STORY BRICK AND FRAME 6-UNIT BUILDINGS WITH STEEL SIDING.  ALL LARGE 2-BEDROOM UNITS WITH UPGRADED ELECTRICAL AND PLUMBING.  THESE BUILDINGS FEATURE FORCED AIR GAS FURNACES AND CENTRAL AIR, SECURED ENTRYWAYS, NEWER WINDOWS AND ONSITE LAUNDRY FACILITIES.  THE BUILDINGS HAVE OFFSTREET PARKING.  EACH UNIT HAS A COVERED BALCONY . 6 UNITS WERE JUST REMODELED IN MARCH OF 04' WITH MOSTLY NEW APPLIANCES AND 4 NEW FURNACES HAVE BEEN INSTALLED. MOST UNITS HAVE A BERAUTIFUL VIEW OF THE LAKE AND CITY PARK.  
 
 
 
 
 
 
 
 
    Information deemed reliable but not guaranteed