MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: Lakehurst  
City: Olathe State: KS Zip   BRICE BRADSHAW
Date:     Listing Price: $212,000 Phone: 913-901-6305
MLS No.    
Directions:    
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
4 2 1 $700 $2,800 $33,600 $715 $2,860 $34,320
      $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 $2,800 $33,600 TOTALS $2,860 $34,320
 PROFORMA        
6          GROSS SCHEDULED INCOME: $33,600   % GSI % GSI   $34,320
7        Vacancy and Credit Losses: $1,680 5.0%[1] 5.0%[2] $1,716
8 Other Income: $300 0.9% 0.9% $300
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $32,220   % AGI % AGI   $32,904
10  Accounting and Legal: $0 0.0% 0.0% $0
11                                      Advertising: $0 0.0% 0.0% $0
12           Repair and Maintenance: $2,400 7.4% 7.3% $2,400
13                                         Insurance: $1,711 5.3% 5.2% $1,711
14                                 Management: $2,554 8.0%[3] 8.0%[4] $2,608
15                                                 Taxes: $2,420 7.5% 7.4% $2,420
16 Water & Sewer: $2,200 6.8% 6.7% $2,200
17 Trash: $600 1.9% 1.8% $600
18 Utilities: $150 0.5% 0.5% $150
19 Cleaning, Lawn Care & Snow Removal: $1,200 3.7% 3.6% $1,200
20  Other:     0.0% 0.0%  
21 Total Expenses(sum L10 - L20): $13,235 41.1% 40.4% $13,289
22 Net Operating Income(L9 minus L21): $18,985         $19,615
23 Less Annual Debt Service: 9,219 28.6% 28.0% 9,219
24 Net Income (Cash Flow) L22-L23): 9,766 10,395
25 CAP RATE (NOI  PURCHASE PRICE): 8.96% 9.25%
26 RETURN ON INVESTMENT (NI  DOWN): 18.43% 19.61%
           Estimated Financing              
Purchase Price: $212,000 4.10% :Interest      
25%  Down: $53,000 30 :Years Amortized    
Amount Financed: $159,000 $768.29 :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 and Nichols/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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