MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: Westvale Duplex Portfolio  
City: Lee's Summit State: MO  Zip   BRICE BRADSHAW
Date:     Listing Price: $1,595,000 Phone: 913-901-6305
MLS No.    
Directions:    
KCCommercial.net
Unit Description    Current Data     Market Rental Data
# of Units # Bed # Bath Unit Rent Av. Mo. Rent Yearly Rent Unit Rent Mo. Rent Yearly Rent
28 2 1 $579 $16,212 $194,544 $629 $17,612 $211,344
2 2 2 $600 $1,200 $14,400 $649 $1,298 $15,576
2 3 1 $687 $1,374 $16,488 $719 $1,438 $17,256
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $18,786 $225,432 TOTALS $20,348 $244,176
 PROFORMA        
6          GROSS SCHEDULED INCOME: $225,432   % GSI % GSI   $244,176
7        Vacancy and Credit Losses: $14,653 6.5%[1] 6.5%[2] $15,871
8 Other Income: $900 0.4% 0.4% $900
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $211,679   % AGI % AGI   $229,205
10     0.0% 0.0%  
11     0.0% 0.0%  
12 Repairs and Maintenance: $16,000 7.6% 7.0% $16,000
13 Cleaning, Lawn Care and Snow Removal: $9,000 4.3% 3.9% $9,000
14 Management: $20,109 9.5%[3] 9.5%[4] $21,774
15 Insurance: $9,400 4.4% 4.1% $9,400
16 Taxes: $16,410 7.8% 10.0% $23,000
17 Utilities: $3,710 1.8% 1.6% $3,710
18 Replacement Reserves: $8,000 3.8% 3.5% $8,000
19     0.0% 0.0%  
20  Other:     0.0% 0.0%  
21 Total Expenses(sum L10 - L20): $82,629 39.0% 39.7% $90,884
22 Net Operating Income(L9 minus L21): $129,049         $138,320
23 Less Annual Debt Service: 77,767 36.7% 33.9% 77,767
24 Net Income (Cash Flow) L22-L23): 51,283 60,554
25 CAP RATE (NOI  PURCHASE PRICE): 8.09% 8.67%
26 RETURN ON INVESTMENT (NI  DOWN): 12.86% 15.19%
           Estimated Financing              
Purchase Price: $1,595,000 4.25% :Interest      
25%  Down: $398,750 25 :Years Amortized    
Amount Financed: $1,196,250 $6,480.54 :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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