MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 4448-4450 Virginia Reece & Nichols Realtors
City: Kansas City State: MO     BRICE BRADSHAW
Date:     Listing Price: $316,000 Phone: 913-219-7074
MLS No.     Fax:                913-901-6450
Directions:   BILL HARGIS 913-901-6352
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
9 studio 1 $350 $3,150 $37,800 360 $3,240 $38,880
2 studio 1    $335 $670 $8,040 360 $720 $8,640
1 studio 1 $395 $395 $4,740 395 $395 $4,740
1 1 1 $375 $375 $4,500 375 $375 $4,500
0     $0 $0 $0 0 $0 $0
0     $0 $0 $0 0 $0 $0
TOTALS $4,590 $55,080 TOTALS $4,730 $56,760
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $55,080   % GSI % GSI   $56,760
7        Less Vacancy and Credit Losses: $2,754 ¬ 5.0% 5.0% ® $2,838
8 Other Income $900 ¬ 1.6% 1.6% ® $900
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $53,226   % AGI % AGI   $54,822
10 Less Accounting and Legal $250 ¬ 0.5% 0.5% ® $250
11                                      Less Advertising: $100 ¬ 0.2% 0.2% ® $100
12           Less Repair and Maintenance: $3,600 ¬ 6.8% 6.6% ® $3,600
13                                         Less Insurance: $2,893 ¬ 5.4% 5.3% ® $2,893
14                                 Less Management: $4,186 ¬ 8.0% 8.0% ® $4,314
15                                                Less Taxes: $919 ¬ 1.7% 1.7% ® $919
16 Trash & Pest Control $1,200 ¬ 2.3% 2.2% ® $1,200
17 Electric $950 ¬ 1.8% 1.7% ® $950
18 Heating Fuel $6,932 ¬ 13.0% 12.6% ® $6,932
19 Water & Sewer $1,821 ¬ 3.4% 3.3% ® $1,821
20 Less Other:   $0 ¬ 0.0% 0.0% ® $0
21 Total Expenses(sum L10 - L20): $22,851 ¬ 42.9% 41.9% ® $22,979
22 Net Operating Income(L9 minus L21): $30,375         $31,843
23 Less Annual Debt Service: 21,441 ¬ 40.3% 39.1% ® 21,441
24 Net Income (Cash Flow) L22-L23): 8,934 10,402
25 CAP RATE (NOI ¸ PURCHASE PRICE): 9.61% 10.08%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 14.14% 16.46%
           Estimated Financing              
Purchase Price: $316,000 7.00% :Interest      
20%  Down:  $       63,200 25 :Years Amortized    
Amount Financed: $252,800  $       1,786.74 :P&I Monthly Payment          
Description: VERY NICE 13 UNIT 2-STORY BRICK AND STUCCO BUILDING WITH A SPANISH TILE ROOF.  UNITS HAVE HARDWOOD FLOORS AND NATURAL WOODWORK WITH CROWN MOLDING.  GREAT OCCUPANCY AND SOLID TENANTS.  LARGE BASEMENT FOR STORAGE.  COMPLEX OWNS THE LAUNDRY EQUIPMENT.
 
 
 
 
 
 
 
 
    Information deemed reliable but not guaranteed