MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 4221 Pearl  
City: Kansas City State: KS Zip   BRICE BRADSHAW
Date:     Total Costs: $60,900 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 $325 $325 $3,900 $395 $395 $4,740
1 1 1    $425 $425 $5,100 $395 $395 $4,740
2 1 1 $395 $790 $9,480 $395 $790 $9,480
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $1,540 $18,480 TOTALS $1,580 $18,960
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $18,480   % GSI % GSI   $18,960
7        Vacancy and Credit Losses: $1,848 ¬ 10.0%[1] 10.0%[2] ® $1,896
8 Other Income: $300 ¬ 1.6% 1.6% ® $300
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $16,932   % AGI % AGI   $17,364
10  Accounting and Legal: $0 ¬ 0.0% 0.0% ® $0
11                                      Advertising: $200 ¬ 1.2% 1.2% ® $200
12           Repair and Maintenance: $3,200 ¬ 18.9% 18.4% ® $3,200
13                                         Insurance: $950 ¬ 5.6% 4.6% ® $800
14                                 Management: $1,331 ¬ 8.0%[3] 8.0%[4] ® $1,365
15                                                 Taxes: $1,616 ¬ 9.5% 9.3% ® $1,616
16 Refuse: $0 ¬ 0.0% 0.0% ® $0
17 Electric: $150 ¬ 0.9% 0.9% ® $150
18 Gas: $150 ¬ 0.9% 0.9% ® $150
19 Water & Sewer: $50 ¬ 0.3% 0.3% ® $50
20  Other:   $0 ¬ 0.0% 0.0% ® $0
21 Total Expenses(sum L10 - L20): $7,647 ¬ 45.2% 43.4% ® $7,531
22 Net Operating Income(L9 minus L21): $9,285         $9,833
23 Less Annual Debt Service: 3,600 ¬ 21.3% 20.7% ® 3,600
24 Net Income (Cash Flow) L22-L23): 5,686 6,233
25 CAP RATE (NOI ¸ PURCHASE PRICE): 15.25% 16.15%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 46.68% 51.18%
           Estimated Financing              
Purchase Price: $60,900 6.25% :Interest      
20%  Down:  $             12,180 30 :Years Amortized    
Amount Financed: $48,720  $      299.98 :P&I Monthly Payment          
Description: This is a post rehab proforma.  Two units need significant work to be in rentable condition, the property needs new guttering and some cosmetic improvements to the exterior.  This proforma uses an estimate of $17,000 for improvements and final price of $60,900.  
 
 
 
 
 
 
 
 
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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