MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: Kansas City Portfolio  
City: Kansas City State: MO  Zip      
Date:     Listing Price: $2,400,000  
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
37 2 1 $506 $18,722 $224,664 $506 $18,722 $224,664
46 1 1 $385 $17,710 $212,520 $385 $17,710 $212,520
14   1 $314 $4,396 $52,752 $314 $4,396 $52,752
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
        $0 $0 $0 $0 $0
TOTALS $40,828 $489,936 TOTALS $40,828 $489,936
 PROFORMA        
6          GROSS SCHEDULED INCOME: $489,936   % GSI % GSI   $489,936
7        Vacancy and Credit Losses: $39,195 8.0%[1] 8.0%[2] $39,195
8 Other Income: $0 0.0% 0.0% $0
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $450,741   % AGI % AGI   $450,741
10  Accounting and Legal: $4,750 1.1% 1.1% $4,750
11                                      Advertising: $4,950 1.1% 1.1% $4,950
12           Repair and Maintenance: $38,550 8.6% 8.6% $38,550
13                                         Insurance: $14,350 3.2% 3.2% $14,350
14                                 Management and payroll: $39,440 8.8%[3] 11.0%[4] $49,582
15                                                 Taxes: $12,200 2.7% 2.7% $12,200
16 Refuse: $7,250 1.6% 1.6% $7,250
17 Electric: $18,250 4.0% 4.0% $18,250
18 Gas: $3,150 0.7% 0.7% $3,150
19 Water and Sewer: $24,950 5.5% 5.5% $24,950
20  Other: Contracted Services and Misc: $7,420 0.0% 1.6% $7,420
21 Total Expenses(sum L10 - L20): $175,260 38.9% 41.1% $185,402
22 Net Operating Income(L9 minus L21): $275,481         $265,340
23 Less Annual Debt Service: 126,271 28.0% 28.0% 126,271
24 Net Income (Cash Flow) L22-L23): 149,210 139,068
25 CAP RATE (NOI  PURCHASE PRICE): 11.48% 11.06%
26 RETURN ON INVESTMENT (NI  DOWN): 24.87% 23.18%
           Estimated Financing              
Purchase Price: $2,400,000 5.00% :Interest      
25%  Down: $600,000 25 :Years Amortized    
Amount Financed: $1,800,000 $10,522.62 :P&I Monthly Payment          
   
 
 
 
 
 
 
 
 
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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