MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: Country Oak Estates Four Plex  
City: Lenexa State: KS Zip   BRICE BRADSHAW
Date:     Listing Price: $425,000 Phone: 913-901-6305
MLS No.     Fax:                
Directions:    
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
2 3 2 $1,075 $2,150 $25,800 $1,150 $2,300 $27,600
2 3 2 $975 $1,950 $23,400 $1,050 $2,100 $25,200
                 
                 
                 
            $0    
TOTALS $4,100 $49,200 TOTALS $4,400 $52,800
 PROFORMA        
6          GROSS SCHEDULED INCOME: $49,200   % GSI % GSI   $52,800
7        Vacancy and Credit Losses: $2,460 5.0%[1] 5.0%[2] $2,640
8 Other Income: $900 1.8% 1.7% $900
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $47,640   % AGI % AGI   $51,060
10 Insurance: $2,400 5.0% 4.7% $2,400
11 Taxes: $6,200 13.0% 12.1% $6,200
12 HOA (covers trash, lawn care, snow removal): $1,920 4.0% 3.8% $1,920
13 Repairs and Maintenance: $3,200 6.7% 6.3% $3,200
14                                 Management: $3,272 7.0%[3] 7.0%[4] $3,511
15 Utilities: $100 0.2% 0.2% $100
16 Capital Reserves: $800 1.7% 1.6% $800
17     0.0% 0.0%  
18     0.0% 0.0%  
19     0.0% 0.0%  
20  Other:     0.0% 0.0%  
21 Total Expenses(sum L10 - L20): $17,892 37.6% 35.5% $18,131
22 Net Operating Income(L9 minus L21): $29,748         $32,929
23 Less Annual Debt Service: 18,817 39.5% 36.9% 18,817
24 Net Income (Cash Flow) L22-L23): 10,931 14,112
25 CAP RATE (NOI  PURCHASE PRICE): 7.00% 7.75%
26 RETURN ON INVESTMENT (NI  DOWN): 10.29% 13.28%
           Estimated Financing              
Purchase Price: $425,000 4.25% :Interest      
25%  Down: $106,250 30 :Years Amortized    
Amount Financed: $318,750 $1,568.06 :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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