MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 609 Benton Blvd. BILL HARGIS CRS, RECS
City: Kansas City State: Mo.  Zip: 64124 Reece & Nichols Realtors
Date:     Listing Price: $580,000 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
5 1 1 $400 $2,000 $24,000   $0 $0
17 1 1 $375 $6,375 $76,500 0 $0 $0
2 1 1 $350 $700 $8,400 0 $0 $0
0 0 0 $0 $0 $0 0 $0 $0
0 0 0 $0 $0 $0 0 $0 $0
0 0 0 $0 $0 $0 0 $0 $0
TOTALS $9,075 $108,900 TOTALS $0 $0
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $108,900   % GSI % GSI   $0
7        Less Vacancy and Credit Losses: $5,445 ¬ 5.0% 5.0% ® $0
8 Other Income $1,000 ¬ 0.9% #DIV/0! ® $0
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $104,455   % AGI % AGI   $0
10                  Less Accounting and Legal: $500 ¬ 0.5% #DIV/0! ®  
11                                      Less Advertising: $200 ¬ 0.2% #DIV/0! ®  
12           Less Repair and Maintenance: $10,000 ¬ 9.6% #DIV/0! ®  
13                                         Less Insurance: $6,040 ¬ 5.8% #DIV/0! ®  
14                                 Less Management: $8,276 ¬ 8.0% 8.0% ® $0
15                                                Less Taxes: $2,297 ¬ 2.2% #DIV/0! ®  
16 Trash & Pest Control $1,800 ¬ 1.7% #DIV/0! ®  
17 Electric $2,365 ¬ 2.3% #DIV/0! ®  
18 Heating Fuel $4,800 ¬ 4.6% #DIV/0! ®  
19 Water & Sewer $5,760 ¬ 5.5% #DIV/0! ®  
20 Less Other:     ¬ 0.0% #DIV/0! ® $0
21 Total Expenses(sum L10 - L20): $42,038 ¬ 40.2% #DIV/0! ® $0
22 Net Operating Income(L9 minus L21): $62,417         $0
23 Less Annual Debt Service:  $      40,698 ¬ 39.0% #DIV/0! ®  $          -  
24 Net Income (Cash Flow) L22-L23): 21,719 0
25 CAP RATE (NOI ¸ PURCHASE PRICE): 10.76% 0.00%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 18.72% 0.00%
           Estimated Financing              
Purchase Price: $580,000 6.25% :Interest      
20%  Down:  $     116,000 20 :Years Amortized    
Amount Financed:  $     464,000  $       3,391.51 :P&I Monthly Payment          
Description: 4 BRICK AND FRAME 6-UNIT BUILDINGS WITH ASPHALT PARKING LOT. NEW PRIVACY FENCE AND MUCH UPDATING COMPLETED.  LARGE 1-BEDROOM APARTMENTS WITH HARDWOOD FLOORS.  FORCED AIR GAS FURNACES.  CLOSE TO DOWNTOWN KANSAS CITY, MISSOURI AND ONLY MINUTES FORM I-70 AND I-35.  GREAT LOCATION IN THE HISTORIC NORTHEAST SECTION OF K.C.
 
 
 
 
 
 
 
 
    Information deemed reliable but not guaranteed