MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 715 E. 29TH STREET BILL HARGIS CRS, RECS
City: KANSAS CITY State: MO.  Zip: 64109 Reece & Nichols Realtors
Date:     Listing Price: $154,900 Phone: 913-901-6352
MLS No. 1219719   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
3 1 1 $425 $1,275 $15,300 465 $1,395 $16,740
1 1 1 $330 $330 $3,960 465 $465 $5,580
1 1 1 $410 $410 $4,920 465 $465 $5,580
1 1 1 $500 $500 $6,000 500 $500 $6,000
0 0 0 $0 $0 $0 0 $0 $0
0 0 0 $0 $0 $0 0 $0 $0
TOTALS $2,515 $30,180 TOTALS $2,825 $33,900
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $30,180   % GSI % GSI   $33,900
7        Less Vacancy and Credit Losses: $1,509 ¬ 5.0% 5.0% ® $1,695
8 Other Income $0 ¬ 0.0% 0.0% ® $0
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $28,672   % AGI % AGI   $32,205
10                  Less Accounting and Legal: $0 ¬ 0.0% 0.0% ® $0
11                                      Less Advertising: $0 ¬ 0.0% 0.0% ® $0
12           Less Repair and Maintenance: $2,400 ¬ 8.4% 7.5% ® $2,400
13                                         Less Insurance: $2,450 ¬ 8.5% 7.6% ® $2,450
14                                 Less Management: $2,294 ¬ 8.0% 8.0% ® $2,576
15                                                Less Taxes: $876 ¬ 3.1% 2.7% ® $876
16 Trash & Pest Control $100 ¬ 0.3% 0.3% ® $100
17 Utilities $7,817 ¬ 27.3% 24.3% ® $7,817
18     ¬ 0.0% 0.0% ®  
19     ¬ 0.0% 0.0% ®  
20 Less Other:     ¬ 0.0% 0.0% ® $0
21 Total Expenses(sum L10 - L20): $15,937 ¬ 55.6% 50.4% ® $16,219
22 Net Operating Income(L9 minus L21): $12,735         $15,986
23 Less Annual Debt Service:  $      10,654 ¬ 37.2% 33.1% ®  $   10,654
24 Net Income (Cash Flow) L22-L23): 2,082 5,332
25 CAP RATE (NOI ¸ PURCHASE PRICE): 8.22% 10.32%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 6.72% 17.21%
           Estimated Financing              
Purchase Price: $154,900 6.00% :Interest      
20%  Down:  $       30,980 20 :Years Amortized    
Amount Financed:  $     123,920  $         887.80 :P&I Monthly Payment          
TAL A NICE 6 UNIT BRICK BUILDING CLOSE TO CHILDRENS MERCY HOSPITAL, HALLMARK WORLD HEADQUARTERS, CROWN CENTER AND TRUMAN MEDICAL CENTER.  THIS GRAND BUILDING WAS CONSTRUCTED IN 1908 AND HAS FORCED AIR GAS HEAT AND HAS BEEN 100% OCCUPIED FOR OVER THE PAST YEAR AND A HALF.  THE BUILDING IS UNER PROFESSIONAL MANAGEMENT AND THEY SAY IT IS A VERY EASY PROPERTY TO MANAGE WITH LOW MAINTENANCE AND VERY FEW TENANT ISSUES.  THE TAX ROLLS SHOW 4,620 SQUARE FEET.  
 
 
 
 
 
 
 
 
    Information deemed reliable but not guaranteed