MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 3214-20 St. John Reece & Nichols Realtors
City: Kansas City State: Mo.  Zip   BRICE BRADSHAW
Date:   81506 Listing Price: $419,000 Phone: 913-219-7074
MLS No.     Fax:                913-901-6450
Directions:   BILL HARGIS 913-901-6352
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
2 2 1 $550 $1,100 $13,200 475 $950 $11,400
4 2 1    $450 $1,800 $21,600 475 $1,900 $22,800
4 2 1 $425 $1,700 $20,400 475 $1,900 $22,800
1 2 1 $400 $400 $4,800 475 $475 $5,700
1 2 1 $375 $375 $4,500 475 $475 $5,700
0     $0 $0 $0 0 $0 $0
TOTALS $5,375 $64,500 TOTALS $5,700 $68,400
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $64,500   % GSI % GSI   $68,400
7        Less Vacancy and Credit Losses: $3,225 ¬ 5.0% 5.0% ® $3,420
8 Other Income $1,100 ¬ 1.7% 1.6% ® $1,100
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $62,375   % AGI % AGI   $66,080
10 Less Accounting and Legal $300 ¬ 0.5% 0.5% ® $300
11                                      Less Advertising: $100 ¬ 0.2% 0.2% ® $100
12           Less Repair and Maintenance: $3,600 ¬ 5.8% 5.4% ® $3,600
13                                         Less Insurance: $3,735 ¬ 6.0% 5.7% ® $3,735
14                                 Less Management: $4,902 ¬ 8.0% 8.0% ® $5,198
15                                                Less Taxes: $1,662 ¬ 2.7% 2.5% ® $1,662
16 Trash & Pest Control $1,300 ¬ 2.1% 2.0% ® $1,300
17 Electric $1,100 ¬ 1.8% 1.7% ® $1,100
18 Heating Fuel $3,500 ¬ 5.6% 5.3% ® $3,500
19 Water & Sewer $3,800 ¬ 6.1% 5.8% ® $3,800
20 Less Other:   $0 ¬ 0.0% 0.0% ® $0
21 Total Expenses(sum L10 - L20): $23,999 ¬ 38.5% 36.8% ® $24,295
22 Net Operating Income(L9 minus L21): $38,376         $41,785
23 Less Annual Debt Service: 28,429 ¬ 45.6% 43.0% ® 28,429
24 Net Income (Cash Flow) L22-L23): 9,947 13,355
25 CAP RATE (NOI ¸ PURCHASE PRICE): 9.16% 9.97%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 11.87% 15.94%
           Estimated Financing              
Purchase Price: $419,000 7.00% :Interest      
20%  Down:  $             83,800 25 :Years Amortized    
Amount Financed: $335,200  $   2,369.12 :P&I Monthly Payment        
Description: VERY NICE 2 BUILDING COMPLEX.  MUCH UPSIDE POTENTIAL.  THE PROPERTY FEATURES OFF-STREET PARKING WITH 4 COVERED PARKING SPOTS.  THE COMPLEX IS LOCATED IN THE HISTORIC NORTHEAST AREA OF KANSAS CITY WITHIN 2 BLOCKS OF THE JOHN F. KENNEDY MEMORIAL PARK, THE ST JOHN FOUNTAIN AND THE KANSAS CITY MUSEUM.  SOME RENTS SHOULD GO UP TO STAY WITH THE MARKET.  THE BUILDINGS ARE IN VERY GOOD SHAPE.
 
 
 
 
 
 
 
 
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 interst them in this purchase, and Reece and Nichols and Nichols Realtors/Hargis Real Estate Group makes no warranty as to the accuracy of such information.  Interested persons are expected to acquaint themsleves 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.