MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 3820 Walnut  
City: Kansas City State: MO  Zip   BRICE BRADSHAW
Date:     Listing Price: $424,000 Phone: 913-901-6305
MLS No.     Fax:                 913-901-6450
Directions:    
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
1 1 1 $465 $465 $5,580 $465 $465 $5,580
7 1 1    $450 $3,150 $37,800 $450 $3,150 $37,800
3 1 1 $425 $1,275 $15,300 $450 $1,350 $16,200
1 1 1 $375 $375 $4,500 $450 $450 $5,400
1   1 $300 $300 $3,600 $300 $300 $3,600
      $0 $0 $0 $0 $0 $0
TOTALS $5,565 $66,780 TOTALS $5,715 $68,580
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $66,780   % GSI % GSI   $68,580
7        Vacancy and Credit Losses: $2,671 ¬ 4.0%[1] 4.0%[2] ® $2,743
8 Other Income: $900 ¬ 1.3% 1.3% ® $900
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $65,009   % AGI % AGI   $66,737
10  Accounting and Legal: $0 ¬ 0.0% 0.0% ® $0
11                                      Advertising: $100 ¬ 0.2% 0.1% ® $100
12           Repair and Maintenance: $6,450 ¬ 9.9% 9.7% ® $6,450
13                                         Insurance: $2,601 ¬ 4.0% 3.9% ® $2,601
14                                 Management: $5,129 ¬ 8.0%[3] 8.0%[4] ® $5,267
15                                                 Taxes: $2,425 ¬ 3.7% 3.6% ® $2,425
16 Refuse: $1,510 ¬ 2.3% 2.3% ® $1,510
17 Electric: $1,948 ¬ 3.0% 2.9% ® $1,948
18 Gas: $1,637 ¬ 2.5% 2.5% ® $1,637
19 Water & Sewer: $2,450 ¬ 3.8% 3.7% ® $2,450
20  Other: Cleaning, Lawn Care and Snow Removal: $1,200 ¬ 1.8% 1.8% ® $1,200
21 Total Expenses(sum L10 - L20): $25,450 ¬ 39.1% 38.3% ® $25,588
22 Net Operating Income(L9 minus L21): $39,559         $41,149
23 Less Annual Debt Service: 28,000 ¬ 43.1% 42.0% ® 28,000
24 Net Income (Cash Flow) L22-L23): 11,559 13,149
25 CAP RATE (NOI ¸ PURCHASE PRICE): 9.33% 9.70%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 13.63% 15.51%
           Estimated Financing              
Purchase Price: $424,000 5.50% :Interest      
20%  Down:  $             84,800 20 :Years Amortized    
Amount Financed: $339,200  $   2,333.31 :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 interest 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 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.

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