MULTI - FAMILY STAT / PROFORMA SHEET
Property Address: DEER RUN APTS,  13615 WHITE BILL HARGIS CRS, RECS
City: GRANDVIEW State: MO.  Zip: 64030 Reece & Nichols Realtors
Date: 90203 Listing Price: $4,250,000 Phone: 913-901-6352
MLS No. 1105050   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
60 2 1 $560 $33,600 $403,200 0 $0 $0
64 1 1 $460 $29,440 $353,280 0 $0 $0
0 1 1 $0 $0 $0 0 $0 $0
0 0 0 $0 $0 $0 0 $0 $0
0 0 0 $0 $0 $0 0 $0 $0
0 0 0 $0 $0 $0 0 $0 $0
TOTALS $63,040 $756,480 TOTALS $0 $0
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $756,480   % GSI % GSI   $0
7        Less Vacancy and Credit Losses: $37,824 ¬ 5.0% 5.0% ® $0
8 Other Income $29,309 ¬ 3.9%   ® $0
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $747,965   % AGI % AGI   $0
10                  Less Accounting and Legal: $3,500 ¬ 0.0% #DIV/0! ® $0
11                                      Less Advertising: $6,785 ¬ 0.9% #DIV/0! ® $0
12           Less Repair and Maintenance, Material only $8,900 ¬ 1.2% #DIV/0! ® $0
13 2003 Insurance Premium $24,500 ¬ 3.3% #DIV/0! ® $0
14 New Owner Management $35,933 ¬ 5.0% 0.0% ® $0
15                                                Less Taxes: $24,600 ¬ 3.3% #DIV/0! ® $0
16 Trash, Pest Control and Owners Utilities $67,681 ¬ 9.0% #DIV/0! ® $0
17 Office Supplies Etc. $4,532 ¬ 0.6% #DIV/0! ® $0
18 Office and Maintenance Payroll $67,488 ¬ 9.0% #DIV/0! ® $0
19   $0 ¬ 0.0% #DIV/0! ® $0
20 Less Other:   $0 ¬ 0.0% #DIV/0! ® $0
21 Total Expenses(sum L10 - L20): $243,919 ¬ 32.6% #DIV/0! ® $0
22 Net Operating Income(L9 minus L21): $504,046         $0
23 Less Annual Debt Service: 271,380 ¬ 36.3% ####### ®  
24 Net Income (Cash Flow) L22-L23): 232,666 #VALUE!
25 CAP RATE (NOI ¸ PURCHASE PRICE): 11.86% 0.00%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 21.15% #VALUE!
           Estimated Financing              
Purchase Price: $4,250,000 7.00% :Interest      
   Down:  $   1,100,000 25 :Years Amortized    
Amount Financed:  $   3,150,000  $     22,615.00 :P&I Monthly Payment          
Description: TOTAL RENOVATION IN 2000 & 2001, NEW PLUMBING, ELECTRICAL, SIDING, ROOFS, KITCHENS AND BATHS. CLUBHOUSE, LAUNDRY ROOMS, FITNESS ROOM, PLAYGROUND AND EQUIPMENT. ALL LAUNDRY AND VENDING MACHINES ARE OWNED BY THE COMPLEX AND GO WITH THE SALE.  NOTE: THERE IS A QUAL. ASSUMABLE LOAN OF APPROX. $3,150,000 AT 7% FIXED FOR 10YRS. (8 YRS. LEFT) WITH 25 YR. AMORT.  1 POINT TO ASSUME
 
 
 
 
    Information deemed reliable but not guaranteed