MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: Towerside  3136 Grand Avenue   
City: Kansas City State: MO  Zip   BRICE BRADSHAW
Date:     Listing Price: $550,000 Phone: 913-219-7074
MLS No.    
Directions:    
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
6 1 1 $495 $2,970 $35,640 $495 $2,970 $35,640
4   1 $425 $1,700 $20,400 $425 $1,700 $20,400
18   1 $395 $7,110 $85,320 $395 $7,110 $85,320
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $11,780 $141,360 TOTALS $11,780 $141,360
 PROFORMA        
6          GROSS SCHEDULED INCOME: $141,360   % GSI % GSI   $141,360
7        Vacancy and Credit Losses: $10,602 7.5%[1] 7.5%[2] $10,602
8 Other Income: $4,200 3.0% 3.0% $4,200
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $134,958   % AGI % AGI   $134,958
10  Accounting and Legal: $2,000 1.5% 1.5% $2,000
11                                      Advertising: $300 0.2% 0.2% $300
12           Repair and Maintenance: $31,000 23.0% 23.0% $31,000
13                                         Insurance: $4,300 3.2% 3.2% $4,300
14                                 Management: $11,768 9.0%[3] 9.0%[4] $11,768
15                                                 Taxes: $5,500 4.1% 4.1% $5,500
16 Refuse: $1,200 0.9% 0.9% $1,200
17 Electric: $9,100 6.7% 6.7% $9,100
18 Gas: $10,900 8.1% 8.1% $10,900
19 Water and Sewer: $12,000 8.9% 8.9% $12,000
20  Other:     0.0% 0.0%  
21 Total Expenses(sum L10 - L20): $88,068 65.3% 65.3% $88,068
22 Net Operating Income(L9 minus L21): $46,890         $46,890
23 Less Annual Debt Service: 34,121 25.3% 25.3% 34,121
24 Net Income (Cash Flow) L22-L23): 12,769 12,769
25 CAP RATE (NOI  PURCHASE PRICE): 8.53% 8.53%
26 RETURN ON INVESTMENT (NI  DOWN): 11.61% 11.61%
           Estimated Financing              
Purchase Price: $550,000 4.75% :Interest      
20%  Down: $110,000 20 :Years Amortized    
Amount Financed: $440,000 $2,843.38 :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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