MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 597 North Somerset Terrace Reece & Nichols Realtors
City: Olathe State: Ks. Zip: 66062 BRICE BRADSHAW
Date:     Listing Price: $312,000 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
1 1 1 $465 $465 $5,580 475 $475 $5,700
3 1 1    $450 $1,350 $16,200 475 $1,425 $17,100
2 1 1 $425 $850 $10,200 475 $950 $11,400
1 1 1 $405 $405 $4,860 475 $475 $5,700
1 1 1 $400 $400 $4,800 475 $475 $5,700
        $0 $0 0 $0 $0
TOTALS $3,470 $41,640 TOTALS $3,800 $45,600
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $41,640   % GSI % GSI   $45,600
7        Less Vacancy and Credit Losses: $2,082 ¬ 5.0% 5.0% ® $2,280
8 Other Income   ¬ 0.0% 0.0% ® $0
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $39,558   % AGI % AGI   $43,320
10 Less Accounting and Legal   ¬ 0.0% 0.0% ®  
11                                      Less Advertising: $114 ¬ 0.3% 0.3% ® $114
12           Less Repair and Maintenance: $2,000 ¬ 5.1% 4.6% ® $2,000
13                                         Less Insurance: $1,800 ¬ 4.6% 4.2% ® $1,800
14                                 Less Management: $2,769 ¬ 7.0% 7.0% ® $3,032
15                                                Less Taxes: $3,626 ¬ 9.2% 8.4% ® $3,626
16 Hoa Dues $1,200 ¬ 3.0% 2.8% ® $1,200
17 Electric $150 ¬ 0.4% 0.3% ® $150
18 Heating Fuel   ¬ 0.0% 0.0% ®  
19 Water & Sewer   ¬ 0.0% 0.0% ®  
20 Less Other:     ¬ 0.0% 0.0% ®  
21 Total Expenses(sum L10 - L20): $11,659 ¬ 29.5% 27.5% ® $11,922
22 Net Operating Income(L9 minus L21): $27,899         $31,398
23 Less Annual Debt Service:  $      21,806 ¬ 55.1% 50.3% ®  $   21,806
24 Net Income (Cash Flow) L22-L23): 6,093 9,592
25 CAP RATE (NOI ¸ PURCHASE PRICE): 8.94% 10.06%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 9.77% 15.37%
           Estimated Financing              
Purchase Price: $312,000 6.20% :Interest      
20%  Down:  $       62,400 20 :Years Amortized    
Amount Financed:  $     249,600  $       1,817.13 :P&I Monthly Payment          
Description: This 8 plex is in a great area in Johnson County, Kansas.  All utilities are individually metered and the rents are below market.  Plenty of off street parking.  Complex includes 8 one bedrooms.  
 
 
 
 
 
 
 
 
    Information deemed reliable but not guaranteed