MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 3909 KENWOOD AVE. BILL HARGIS CRS, RECS
City: KANSAS CITY State: MO.   Zip:   Reece & Nichols Realtors
Date:     Listing Price: $420,000 Phone: 913-901-6352
MLS No.     Fax:                913-901-6450
Directions:   billh@reeceandnichols.com
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 3 1 $575 $575 $6,900   $0 $0
2 2 1 $550 $1,100 $13,200 0 $0 $0
4 2 1 $461 $1,844 $22,128 0 $0 $0
3 1 1 $350 $1,050 $12,600 0 $0 $0
1 1 1 $295 $295 $3,540 0 $0 $0
2 STUDIO 1 $420 $840 $10,080 0 $0 $0
TOTALS $5,704 $68,448 TOTALS $0 $0
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $68,448   % GSI % GSI   $0
7        Less Vacancy and Credit Losses: $6,845 ¬ 10.0% 5.0% ® $0
8 Other Income   ¬ 0.0% #DIV/0! ® $0
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $61,603   % AGI % AGI   $0
10                  Less Accounting and Legal: $300 ¬ 0.5% #DIV/0! ®  
11                                      Less Advertising: $500 ¬ 0.8% #DIV/0! ®  
12           Less Repair and Maintenance: $4,537 ¬ 7.4% #DIV/0! ®  
13                                         Less Insurance: $4,200 ¬ 6.8% #DIV/0! ®  
14                                 Less Management: $4,928 ¬ 8.0% 8.0% ® $0
15                                                Less Taxes: $3,919 ¬ 6.4% #DIV/0! ®  
16 Trash & Pest Control $590 ¬ 1.0% #DIV/0! ®  
17 Electric $1,200 ¬ 1.9% #DIV/0! ®  
18 Heating Fuel $430 ¬ 0.7% #DIV/0! ®  
19 Water & Sewer $3,120 ¬ 5.1% #DIV/0! ®  
20 Less Other:     ¬ 0.0% #DIV/0! ® $0
21 Total Expenses(sum L10 - L20): $23,724 ¬ 38.5% #DIV/0! ® $0
22 Net Operating Income(L9 minus L21): $37,879         $0
23 Less Annual Debt Service:  $      28,887 ¬ 46.9% ####### ®   
24 Net Income (Cash Flow) L22-L23): 8,992 #VALUE!
25 CAP RATE (NOI ¸ PURCHASE PRICE): 9.02% 0.00%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 10.71% #VALUE!
           Estimated Financing              
Purchase Price: $420,000 6.00% :Interest      
20%  Down:  $       84,000 20 :Years Amortized    
Amount Financed:  $     336,000  $       2,407.21 :P&I Monthly Payment          
Description: NICE 13 UNIT COMPLEX OVERLOOKING GILLHAM PARK.  MANY UPGRADES COMPLETED IN 2004, INCLUDING NEW MAIN FRONT DOORS, 3 NEW DECKS AND MUCH MORE.  THIS PROPERTY IS LOCATED IN THE HYDE PARK AREA AND CLOSE TO WESTPORT AND THE COUNTRY CLUB PLAZA. 
 
 
 
 
 
 
 
 
    Information deemed reliable but not guaranteed