MULTI - FAMILY STAT / PROFORMA SHEET          
MLS No. 206 E. Miami Street  
City: Hiawatha State: Ks.  Zip 66434 BRICE BRADSHAW
Date:     Listing Price: $950,000 Phone: 913-901-6305
MLS No.    
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
14 1 1 $350 $4,900 $58,800 $370 $5,180 $62,160
20 2 1 $430 $8,600 $103,200 $450 $9,000 $108,000
10 3 1.5 $500 $5,000 $60,000 $520 $5,200 $62,400
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $18,500 $222,000 TOTALS $19,380 $232,560
 PROFORMA        
6          GROSS SCHEDULED INCOME: $222,000   % GSI % GSI   $232,560
7        Vacancy and Credit Losses: $17,760 8.0%[1] 7.0%[2] $16,279
8 Other Income: $1,200 0.5% 0.5% $1,200
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $205,440   % AGI % AGI   $217,481
10 Administrative Expenses $2,400 1.2% 1.1% $2,400
11                                      Advertising: $300 0.1% 0.1% $300
12           Repair & Maintenance: $30,800 15.0% 14.2% $30,800
13                                         Insurance: $8,800 4.3% 4.0% $8,800
14                                 Management & Contract Services: $22,466 11.0%[3] 11.0%[4] $23,791
15                                                 Taxes: $12,400 6.0% 5.7% $12,400
16 Refuse: $3,500 1.7% 1.6% $3,500
17 Electric: $1,800 0.9% 0.8% $1,800
18 Water & Sewer: $15,000 7.3% 6.9% $15,000
19 Pest Control: $1,440 0.7% 0.7% $1,440
20   Lawn Care, Cleaning & Snow Removal: $6,000 2.9% 2.8% $6,000
21 Total Expenses(sum L10 - L20): $104,906 51.1% 48.8% $106,231
22 Net Operating Income(L9 minus L21): $100,534         $111,250
23 Less Annual Debt Service: 48,745 23.7% 22.4% 48,745
24 Net Income (Cash Flow) L22-L23): 51,789 62,505
25 CAP RATE (NOI  PURCHASE PRICE): 10.58% 11.71%
26 RETURN ON INVESTMENT (NI  DOWN): 21.81% 26.32%
           Estimated Financing              
Purchase Price: $950,000 4.75% :Interest      
25%  Down: $237,500 25 :Years Amortized    
Amount Financed: $712,500 $4,062.09 :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 interst 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 themsleves 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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