MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: Lexington Reece & Nichols Realtors
City: Kansas City State: MO  Zip   BRICE BRADSHAW
Date:     Listing Price: $237,000 Phone: 913-219-7074
MLS No.     Fax:                 913-901-6450
Directions:   BILL HARGIS 913-901-6352
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
12 1 1 $390 $4,680 $56,160 $425 $5,100 $61,200
      $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 $4,680 $56,160 TOTALS $5,100 $61,200
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $56,160   % GSI % GSI   $61,200
7        Vacancy and Credit Losses: $5,616 ¬ 10.0%[1] 8.0%[2] ® $4,896
8 Other Income: $1,600 ¬ 2.8% 2.6% ® $1,600
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $52,144   % AGI % AGI   $57,904
10  Accounting and Legal: $500 ¬ 1.0% 0.9% ® $500
11                                      Advertising: $200 ¬ 0.4% 0.3% ® $200
12           Repair and Maintenance: $9,000 ¬ 17.3% 15.5% ® $9,000
13                                         Insurance: $3,500 ¬ 6.7% 0.0% ®  
14                                 Management: $4,044 ¬ 8.0%[3] 8.0%[4] ® $4,504
15                                                 Taxes: $2,340 ¬ 4.5% 4.0% ® $2,340
16 Refuse: $1,200 ¬ 2.3% 2.1% ® $1,200
17 Electric: $480 ¬ 0.9% 0.8% ® $480
18 Gas: $2,000 ¬ 3.8% 3.5% ® $2,000
19 Water and Sewer: $3,200 ¬ 6.1% 5.5% ® $3,200
20  Other:     ¬ 0.0% 0.0% ® $0
21 Total Expenses(sum L10 - L20): $26,464 ¬ 50.8% 40.5% ® $23,424
22 Net Operating Income(L9 minus L21): $25,680         $34,480
23 Less Annual Debt Service: 14,659 ¬ 28.1% 25.3% ® 14,659
24 Net Income (Cash Flow) L22-L23): 11,021 19,821
25 CAP RATE (NOI ¸ PURCHASE PRICE): 10.84% 14.55%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 23.25% 41.82%
           Estimated Financing              
Purchase Price: $237,000 6.00% :Interest      
20%  Down:  $             47,400 25 :Years Amortized    
Amount Financed: $189,600  $   1,221.60 :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 and Nichols and Nichols Realtors/Hargis Real Estate Group 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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