MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 3022-3024 Mcgee  
City: Kansas City State: MO  Zip   BRICE BRADSHAW
Date:     Listing Price: $559,000 Phone: 913-901-6305
MLS No.    
Directions:    
KCCommercial.net
Unit Description    Current Data     Market Rental Data
# of Units # Bed # Bath Unit Rent Mo. Rent Yearly Rent Unit Rent Mo. Rent Yearly Rent
1 1 1 $575 $575 $6,900 $575 $575 $6,900
9 1 1 $550 $4,950 $59,400 $575 $5,175 $62,100
2 1 1 $500 $1,000 $12,000 $575 $1,150 $13,800
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $6,525 $78,300 TOTALS $6,900 $82,800
 PROFORMA        
6          GROSS SCHEDULED INCOME: $78,300   % GSI % GSI   $82,800
7        Vacancy and Credit Losses: $3,915 5.0%[1] 5.0%[2] $4,140
8 Other Income: $1,200 1.5% 1.4% $1,200
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $75,585   % AGI % AGI   $79,860
10 Administrative and Legal: $0 0.0% 0.4% $300
11 Repairs and Maintenance: $4,500 6.0% 10.1% $8,100
12 Cleaning, Lawn Care and Snow Removal: $4,800 6.4% 6.0% $4,800
13 Insurance: $2,955 3.9% 3.7% $2,955
14 Management: $6,047 8.0%[3] 8.0%[4] $6,389
15 Property Taxes: $2,722 3.6% 3.4% $2,722
16 Trash: $600 0.8% 0.8% $600
17 Gas: $1,800 2.4% 2.3% $1,800
18 Electric: $900 1.2% 1.1% $900
19 Water: $3,100 4.1% 3.9% $3,100
20  Other: Replacement Reserves: $0 0.0% 3.8% $3,000
21 Total Expenses(sum L10 - L20): $27,424 36.3% 43.4% $34,666
22 Net Operating Income(L9 minus L21): $48,161         $45,194
23 Less Annual Debt Service: 27,255 36.1% 34.1% 27,255
24 Net Income (Cash Flow) L22-L23): 20,906 17,939
25 CAP RATE (NOI  PURCHASE PRICE): 8.62% 8.08%
26 RETURN ON INVESTMENT (NI  DOWN): 14.96% 12.84%
           Estimated Financing              
Purchase Price: $559,000 4.25% :Interest      
25%  Down: $139,750 25 :Years Amortized    
Amount Financed: $419,250 $2,271.24 :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/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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