MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 1013 Benton  
City: Kansas City State: MO Zip   BRICE BRADSHAW
Date:     Listing Price: $239,000 Phone: 913-901-6305
MLS No.     Fax:                 913-901-6450
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
1 1 1 $495 $495 $5,940 $495 $495 $5,940
5 1 1 $465 $2,325 $27,900 $465 $2,325 $27,900
5 2 1 $525 $2,625 $31,500 $525 $2,625 $31,500
1 2 1 $650 $650 $7,800 $650 $650 $7,800
1 2 1 $350 $350 $4,200 $350 $350 $4,200
                 
TOTALS $6,445 $77,340 TOTALS $6,445 $77,340
 PROFORMA        
6          GROSS SCHEDULED INCOME: $77,340   % GSI % GSI   $77,340
7        Vacancy and Credit Losses: $7,734 10.0%[1] 10.0%[2] $7,734
8 Other Income: $900 1.2% 1.2% $900
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $70,506   % AGI % AGI   $70,506
10  Accounting and Legal: $600 0.9% 0.9% $600
11                                      Advertising: $200 0.3% 0.3% $200
12           Repair and Maintenance: $10,600 15.0% 15.0% $10,600
13                                         Insurance: $3,400 4.8% 4.8% $3,400
14                                 Management: $5,568 8.0%[3] 8.0%[4] $5,568
15                                                 Taxes: $3,872 5.5% 5.5% $3,872
16 Water: $3,800 5.4% 5.4% $3,800
17 Trash: $1,005 1.4% 1.4% $1,005
18 Electric: $1,265 1.8% 1.8% $1,235
19 Gas: $8,800 15.7% 12.5% $8,800
20  Other: Cleaning, Lawn Care and Snow Removal: $2,400 3.4% 3.4% $2,400
21 Total Expenses(sum L10 - L20): $41,510 58.9% 58.8% $41,480
22 Net Operating Income(L9 minus L21): $28,996         $29,026
23 Less Annual Debt Service: 13,900 19.7% 19.7% 13,900
24 Net Income (Cash Flow) L22-L23): 15,095 15,125
25 CAP RATE (NOI  PURCHASE PRICE): 12.13% 12.14%
26 RETURN ON INVESTMENT (NI  DOWN): 25.26% 25.31%
           Estimated Financing              
Purchase Price: $239,000 4.75% :Interest      
25%  Down: $59,750 20 :Years Amortized    
Amount Financed: $179,250 $1,158.36 :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/Bradshaw Hargis 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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