MULTI - FAMILY STAT / PROFORMA SHEET          
Property: Lakeview Heights  
City: DeSoto State: KS Zip   BRICE BRADSHAW
Date:     Listing Price: $420,000 Phone: 913-901-6305
MLS No.    
Directions:    
KCCommercial.net
Unit Description     Current Data         Market Data
# of Units # Bed # Bath Unit Rent Mo. Rent Yearly Rent Unit Rent Mo. Rent Yearly Rent
58 2 1 $365 $21,170 $254,040 $525 $30,450 $365,400
4 2 1 $450 $1,800 $21,600 $625 $2,500 $30,000
1 3 2 $650 $650 $7,800 $725 $725 $8,700
              $0 $0
              $0 $0
        $0 $0 $0 $0 $0
TOTALS $23,620 $283,440 TOTALS $33,675 $404,100
 PROFORMA        
6          GROSS SCHEDULED INCOME: $283,440   % GSI % GSI   $404,100
7        Vacancy and Credit Losses: $155,892 55.0%[1] 8.0%[2] $32,328
8 Other Income: $0 0.0% 0.0% $0
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $127,548   % AGI % AGI   $371,772
10  Accounting and Legal: $1,200 0.9% 0.2% $750
11                                      Advertising: $300 0.2% 0.1% $300
12 Repairs and Maintenance: $24,000 18.8% 12.9% $48,000
13 Lawn Care, Snow Removal and Cleaning: $12,000 9.4% 4.3% $16,000
14                                 Management: $10,204 8.0%[3] 8.0%[4] $29,742
15                                                 Taxes: $8,400 6.6% 8.8% $32,700
16 Utilities: $17,000 13.3% 3.8% $14,000
17 Insurance: $17,400 13.6% 4.7% $17,400
18     0.0% 0.0%  
19     0.0% 0.0%  
20  Other:     0.0% 0.0%  
21 Total Expenses(sum L10 - L20): $90,504 71.0% 42.7% $158,892
22 Net Operating Income(L9 minus L21): $37,044         $212,880
23 Less Annual Debt Service: 23,213 18.2% 6.2% 23,213
24 Net Income (Cash Flow) L22-L23): 13,832 189,668
25 CAP RATE (NOI  PURCHASE PRICE): 8.82% 50.69%
26 RETURN ON INVESTMENT (NI  DOWN): 13.17% 180.64%
           Estimated Financing              
Purchase Price: $420,000 5.50% :Interest      
25%  Down: $105,000 25 :Years Amortized    
Amount Financed: $315,000 $1,934.38 :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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