MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 3632-3636  Baltimore  
City: Kansas City State: MO  Zip   BRICE BRADSHAW
Date:     Listing Price: $429,000 Phone: 913-901-6305
MLS No.    
Directions:    
KCCommercial.net
Unit Description     Current Data       Market Data
# of Units # Bed # Bath Unit Rent Mo. Rent Yearly Rent Unit Rent Mo. Rent Yearly Rent
9 2 1 $557 $5,013 $60,156 $595 $5,355 $64,260
2 1 1 $475 $950 $11,400 $475 $950 $11,400
2 Studio 1 $395 $790 $9,480 $395 $790 $9,480
                 
                 
                 
TOTALS $6,753 $81,036 TOTALS $7,095 $85,140
 PROFORMA        
6          GROSS SCHEDULED INCOME: $81,036   % GSI % GSI   $85,140
7        Vacancy and Credit Losses: $6,078 7.5%[1] 5.0%[2] $4,257
8 Other Income: $1,800 2.2% 2.1% $1,800
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $76,758   % AGI % AGI   $82,683
10  Accounting and Legal: $300 0.4% 0.4% $300
11                                      Advertising: $170 0.2% 0.2% $170
12           Repair and Maintenance: $19,500 25.4% 17.5% $14,500
13                                         Insurance: $4,655 6.1% 3.6% $3,000
14                                 Management: $7,121 9.5%[3] 8.0%[4] $6,471
15                                                 Taxes: $3,251 4.2% 3.9% $3,251
16 Refuse: $725 0.9% 0.9% $725
17 Electric: $2,500 3.3% 3.0% $2,500
18 Gas: $1,250 1.6% 1.5% $1,250
19 Water and Sewer: $4,800 6.3% 5.8% $4,800
20  Other: Cleaning and Lawn Care: $2,400 3.1% 2.9% $2,400
21 Total Expenses(sum L10 - L20): $46,672 60.8% 47.6% $39,367
22 Net Operating Income(L9 minus L21): $30,086         $43,316
23 Less Annual Debt Service: 21,461 28.0% 26.0% 21,461
24 Net Income (Cash Flow) L22-L23): 8,626 21,856
25 CAP RATE (NOI  PURCHASE PRICE): 7.01% 10.10%
26 RETURN ON INVESTMENT (NI  DOWN): 8.04% 20.38%
           Estimated Financing              
Purchase Price: $429,000 4.50% :Interest      
25%  Down: $107,250 25 :Years Amortized    
Amount Financed: $321,750 $1,788.39 :P&I Monthly Payment          
   
 
 
 
 
 
 
 
 
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 Commercial/Bradshaw & Hargis 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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