MULTI - FAMILY STAT / PROFORMA SHEET          
Property: Westport Edge and West End  
City: Kansas City State: MO  Zip   BRICE BRADSHAW
Date:     Listing Price: $1,995,000 Phone: 913-901-6305
MLS No.    
Directions:    
KCCommercial.net
Unit Description     Current Data         Market Data
# of Units # Bed # Bath Unit Rent Mo. Rent Yearly Rent Unit Rent Mo. Rent Yearly Rent
11 1 1 $840 $9,240 $110,880 $865 $9,515 $114,180
7 2 1 $960 $6,720 $80,640 $975 $6,825 $81,900
6 1 1 $918 $5,508 $66,096 $935 $5,610 $67,320
              $0 $0
              $0 $0
        $0 $0 $0 $0 $0
TOTALS $21,468 $257,616 TOTALS $21,950 $263,400
 PROFORMA        
6          GROSS SCHEDULED INCOME: $257,616   % GSI % GSI   $263,400
7        Vacancy and Credit Losses: $7,728 3.0%[1] 3.0%[2] $7,902
8 Other Income: $8,000 3.1% 3.0% $8,000
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $257,888   % AGI % AGI   $263,498
10  Accounting and Legal: $2,000 0.8% 0.3% $750
11                                      Advertising: $300 0.1% 0.1% $300
12 HOA Dues Westport Edge: $33,648 13.0% 12.8% $33,648
13 HOA Dues West End: $15,720 6.1% 6.0% $15,720
14                                 Management: $0 0.0%[3] 6.0%[4] $15,330
15                                                 Taxes: $32,700 12.7% 12.4% $32,700
16 Repair and Maintenance: $14,000 5.4% 5.3% $14,000
17 Utilities: $1,100 0.4% 0.4% $1,100
18 Sales Commissions and Office Expense: $6,500 2.5% 0.0%  
19     0.0% 0.0%  
20  Other:     0.0% 0.0%  
21 Total Expenses(sum L10 - L20): $105,968 41.1% 43.1% $113,548
22 Net Operating Income(L9 minus L21): $151,920         $149,950
23 Less Annual Debt Service: 99,800 38.7% 37.9% 99,800
24 Net Income (Cash Flow) L22-L23): 52,120 50,150
25 CAP RATE (NOI  PURCHASE PRICE): 7.62% 7.52%
26 RETURN ON INVESTMENT (NI  DOWN): 10.45% 10.06%
           Estimated Financing              
Purchase Price: $1,995,000 4.50% :Interest      
25%  Down: $498,750 25 :Years Amortized    
Amount Financed: $1,496,250 $8,316.64 :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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