MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: Colony Woods  
City: Kansas City State: KS Zip   BRICE BRADSHAW
Date:     Listing Price: $1,995,000 Phone: 913-901-6305
MLS No.    
Directions:    
 
Unit Description     Current Rental Data         Market Rental Data
# of Units # Bed # Bath Unit Rent Mo. Rent Yearly Rent Unit Rent Mo. Rent Yearly Rent
8 2 1 $525 $4,200 $50,400 $550 $4,400 $52,800
18 1 1    $450 $8,100 $97,200 $450 $8,100 $97,200
27 1 1 $400 $10,800 $129,600 $425 $11,475 $137,700
31 1 1 $400 $12,400 $148,800 $400 $12,400 $148,800
13 1 1 $365 $4,745 $56,940 $400 $5,200 $62,400
      $0 $0 $0 $0 $0 $0
TOTALS $40,245 $482,940 TOTALS $41,575 $498,900
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $482,940   % GSI % GSI   $498,900
7        Vacancy and Credit Losses: $38,635 ¬ 8.0%[1] 8.0%[2] ® $39,912
8 Other Income: $28,400 ¬ 5.9% 5.7% ® $28,400
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $472,705   % AGI % AGI   $487,388
10  Accounting and Legal: $2,500 ¬ 0.5% 0.5% ® $2,500
11                                      Advertising: $1,400 ¬ 0.3% 0.3% ® $1,400
12           Repair and Maintenance: $58,200 ¬ 12.3% 11.9% ® $58,200
13                                         Insurance: $24,600 ¬ 5.2% 5.0% ® $24,600
14 Management, Payroll and Dues: $48,874 ¬ 11.0%[3] 11.0%[4] ® $50,489
15                                                 Taxes: $41,047 ¬ 8.7% 7.2% ® $35,100
16 Refuse: $8,850 ¬ 1.9% 1.8% ® $8,850
17 Electric and Gas Public Service: $24,000 ¬ 5.1% 4.9% ® $24,000
18 Water & Sewer: $48,000 ¬ 10.2% 8.2% ® $40,000
19 Electric and Gas Vacant Units and Bill Back: $28,000 ¬ 5.9% 5.7% ® $28,000
20  Other: Replacement Reserves: $14,550 ¬ 3.1% 3.0% ® $14,550
21 Total Expenses(sum L10 - L20): $300,021 ¬ 63.5% 59.0% ® $287,689
22 Net Operating Income(L9 minus L21): $172,684         $199,699
23 Less Annual Debt Service: 119,797 ¬ 25.3% 24.6% ® 119,797
24 Net Income (Cash Flow) L22-L23): 52,887 79,902
25 CAP RATE (NOI ¸ PURCHASE PRICE): 8.66% 10.01%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 13.25% 20.03%
           Estimated Financing              
Purchase Price: $1,995,000 6.40% :Interest      
20%  Down:  $          399,000 30 :Years Amortized    
Amount Financed: $1,596,000  $   9,983.07 :P&I Monthly Payment          
Description: Taxes based on the county tax value of $2,296,500.  Taxes adjusted on the Market Rental Side for a sales price of $1,995,000.
 
 
 
 
 
 
 
 
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 and Nichols and Nichols Realtors/Hargis Real Estate Group 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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