MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 4341-4347 Harrison  
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
7 2 1 $550 $3,850 $46,200 $550 $3,850 $46,200
4 2 1    $490 $1,960 $23,520 $550 $2,200 $26,400
1 2 1 $450 $450 $5,400 $550 $550 $6,600
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $6,260 $75,120 TOTALS $6,600 $79,200
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $75,120   % GSI % GSI   $79,200
7        Vacancy and Credit Losses: $5,258 ¬ 7.0%[1] 7.0%[2] ® $5,544
8 Other Income: $600 ¬ 0.8% 0.8% ® $600
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $70,462   % AGI % AGI   $74,256
10  Accounting and Legal: $400 ¬ 0.6% 0.5% ® $400
11                                      Advertising: $200 ¬ 0.3% 0.3% ® $200
12           Repair and Maintenance: $8,200 ¬ 11.6% 11.0% ® $8,200
13                                         Insurance: $3,650 ¬ 5.2% 4.9% ® $3,650
14                                 Management: $5,589 ¬ 8.0%[3] 8.0%[4] ® $5,892
15                                                 Taxes: $2,329 ¬ 3.3% 3.1% ® $2,329
16 Refuse: $0 ¬ 0.0% 0.0% ® $0
17 Electric: $1,750 ¬ 2.5% 2.4% ® $1,750
18 Gas: $2,895 ¬ 4.1% 3.9% ® $2,895
19 Water: $3,550 ¬ 5.0% 4.8% ® $3,550
20  Other: Cleaning and Lawncare: $1,800 ¬ 2.6% 2.4% ® $1,800
21 Total Expenses(sum L10 - L20): $30,363 ¬ 43.1% 41.3% ® $30,666
22 Net Operating Income(L9 minus L21): $40,099         $43,590
23 Less Annual Debt Service: 25,607 ¬ 36.3% 34.5% ® 25,607
24 Net Income (Cash Flow) L22-L23): 14,492 17,982
25 CAP RATE (NOI ¸ PURCHASE PRICE): 9.46% 10.28%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 17.09% 21.21%
           Estimated Financing              
Purchase Price: $424,000 5.75% :Interest      
20%  Down:  $             84,800 25 :Years Amortized    
Amount Financed: $339,200  $   2,133.93 :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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