MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: Longmeadow  
City: Kansas City State: MO  Zip   BRICE BRADSHAW
Date:     Total Costs: $625,000 Phone: 913-901-6305
MLS No.     Fax:                 913-901-6450
Directions:    
www.kccommercial.net
Unit Description     Current Rental Data         Market Rental Data
# Units # Bed # Bath Unit Rent Mo. Rent Yearly Rent Unit Rent Mo. Rent Yearly Rent
1 0 1 $425 $425 $5,100 $425 $425 $5,100
23 1 1 $518 $11,914 $142,968 $525 $12,075 $144,900
      $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 $12,339 $148,068 TOTALS $12,500 $150,000
 PROFORMA §         §
6          GROSS SCHEDULED INCOME: $148,068   % GSI % GSI   $150,000
7        Vacancy and Credit Losses: $17,768 Â 12.0%[1] 8.0%[2] ¨ $12,000
8 Other Income: $2,000 Â 1.4% 1.3% ¨ $2,000
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $132,300   % AGI % AGI   $140,000
10  Accounting and Legal: $750 Â 0.6% 0.5% ¨ $750
11                                      Advertising: $500 Â 0.4% 0.4% ¨ $500
12           Repair and Maintenance: $20,400 Â 15.4% 14.6% ¨ $20,400
13                                         Insurance: $5,800 Â 4.4% 4.1% ¨ $5,800
14                                 Management: $10,424 Â 8.0%[3] 8.0%[4] ¨ $11,040
15                                                 Taxes: $9,500 Â 7.2% 6.8% ¨ $9,500
16 Refuse: $2,100 Â 1.6% 1.5% ¨ $2,100
17 Electric: $2,500 Â 1.9% 1.8% ¨ $2,500
18 Gas: $850 Â 0.6% 0.6% ¨ $850
19 Water & Sewer: $10,500 Â 7.9% 7.5% ¨ $10,500
20  Other: Cleaning, Lawn Care & Snow Removal: $8,400 Â 6.3% 6.0% ¨ $8,400
21 Total Expenses(sum L10 - L20): $71,724 Â 54.2% 51.7% ¨ $72,340
22 Net Operating Income(L9 minus L21): $60,576         $67,660
23 Less Annual Debt Service: 35,217 Â 26.6% 25.2% ¨ 35,217
24 Net Income (Cash Flow) L22-L23): 25,358 32,443
25 CAP RATE (NOI ü PURCHASE PRICE): 9.69% 10.83%
26 RETURN ON INVESTMENT (NI ü DOWN): 16.23% 20.76%
           Estimated Financing              
Purchase Price: $625,000 5.70% :Interest      
25%  Down: $156,250 25 :Years Amortized    
Amount Financed: $468,750 $2,934.79 :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 Commercial/Colliers International/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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