MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 901 Benton  
City: Kansas City State: MO Zip   BRICE BRADSHAW
Date:     Listing Price: $299,000 Phone: 913-901-6305
MLS No.    
Directions:    
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
7 2 1 $495 $3,465 $41,580 $495 $3,465 $41,580
3 2 1 $475 $1,425 $17,100 $495 $1,485 $17,820
1 2 1 $550 $550 $6,600 $550 $550 $6,600
1 2 1 $710 $710 $8,520 $710 $710 $8,520
1 2 1 $450 $450 $5,400 $495 $495 $5,940
      $0 $0 $0 $0 $0 $0
TOTALS $6,600 $79,200 TOTALS $6,705 $80,460
 PROFORMA        
6          GROSS SCHEDULED INCOME: $79,200   % GSI % GSI   $80,460
7        Vacancy and Credit Losses: $7,920 10.0%[1] 10.0%[2] $8,046
8 Other Income: $1,200 1.5% 1.5% $1,200
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $72,480   % AGI % AGI   $73,614
10  Accounting and Legal: $600 0.8% 0.8% $600
11                                      Advertising: $200 0.3% 0.3% $200
12           Repair and Maintenance: $12,000 16.6% 16.3% $12,000
13                                         Insurance: $3,900 5.4% 5.3% $3,900
14                                 Management: $5,702 8.0%[3] 8.0%[4] $5,793
15                                                 Taxes: $3,223 4.4% 4.4% $3,223
16 Water: $4,200 5.8% 5.7% $4,200
17 Trash: $1,300 1.8% 1.8% $1,300
18 Electric: $2,800 3.9% 3.8% $2,800
19 Gas: $2,100 0.3% 2.9% $2,100
20  Other: Cleaning, Lawn Care and Snow Removal: $3,000 4.1% 4.1% $3,000
21 Total Expenses(sum L10 - L20): $39,025 53.8% 53.1% $39,116
22 Net Operating Income(L9 minus L21): $33,455         $34,498
23 Less Annual Debt Service: 17,390 24.0% 23.6% 17,390
24 Net Income (Cash Flow) L22-L23): 16,065 17,108
25 CAP RATE (NOI  PURCHASE PRICE): 11.19% 11.54%
26 RETURN ON INVESTMENT (NI  DOWN): 21.49% 22.89%
           Estimated Financing              
Purchase Price: $299,000 4.75% :Interest      
25%  Down: $74,750 20 :Years Amortized    
Amount Financed: $224,250 $1,449.16 :P&I Monthly Payment          
Description:  
 
 
 
 
 
 
 
 
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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