MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: Crystal Ridge Townhomes  
City: Kansas City State: KS Zip:   BRICE BRADSHAW
Date:     Listing Price: $2,400,000 Phone: 913-901-6305
MLS No.    
Directions:    
 
Unit Description    Current Data     Market Rental Data
# of Units # Bed # Bath Unit Rent Mo. Rent Yearly Rent Unit Rent Mo. Rent Yearly Rent
12 2 2.5 $870 $10,440 $125,280 $890 $10,680 $128,160
2 2 2 $870 $1,740 $20,880 $890 $1,780 $21,360
10 3 2.5 $970 $9,700 $116,400 $990 $9,900 $118,800
6 3 2.5 $970 $5,820 $69,840 $990 $5,940 $71,280
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $27,700 $332,400 TOTALS $28,300 $339,600
 PROFORMA        
6          GROSS SCHEDULED INCOME: $332,400   % GSI % GSI   $339,600
7        Vacancy, Loss to Lease and Credit Losses: $19,944 6.0%[1] 5.0%[2] $16,980
8 Other Income: $9,000 2.7% 2.7% $9,000
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $321,456   % AGI % AGI   $331,620
10 Administration: $7,600 2.4% 2.3% $7,600
11 Repairs and Maintenance: $16,000 5.0% 4.8% $16,000
12 Utilities (Vacant Units): $3,000 0.9% 0.9% $3,000
13 Management and Payroll: $32,146 10.0% 10.0% $33,162
14 Taxes and Insurance: $56,000 17.4%[3] 16.9%[4] $56,000
15 Cleaning , Lawn Care and Snow Removal: $5,000 1.6% 1.5% $5,000
16 Replacement Reserves: $9,000 2.8% 2.7% $9,000
17     0.0% 0.0%  
18     0.0% 0.0%  
19     0.0% 0.0%  
20       0.0% 0.0%  
21 Total Expenses(sum L10 - L20): $128,746 40.1% 39.1% $129,762
22 Net Operating Income(L9 minus L21): $192,710         $201,858
23 Less Annual Debt Service: 120,060 37.3% 36.2% 120,060
24 Net Income (Cash Flow) L22-L23): 72,651 81,798
25 CAP RATE (NOI  PURCHASE PRICE): 8.03% 8.41%
26 RETURN ON INVESTMENT (NI  DOWN): 12.11% 13.63%
           Estimated Financing              
Purchase Price: $2,400,000 4.50% :Interest      
25%  Down: $600,000 25 :Years Amortized    
Amount Financed: $1,800,000 $10,004.98 :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/KCCommercial.net 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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