MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 819-825 East 42nd Reece & Nichols Realtors
City: Kansas City State: MO Zip   BRICE BRADSHAW
Date:     Listing Price: $339,000 Phone: 913-901-6305
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
8 1 1 $400 $3,200 $38,400 $425 $3,400 $40,800
1 1 1    $415 $415 $4,980 $425 $425 $5,100
2 1 1 $425 $850 $10,200 $425 $850 $10,200
1 1 1 $500 $500 $6,000 $425 $425 $5,100
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $4,965 $59,580 TOTALS $5,100 $61,200
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $59,580   % GSI % GSI   $61,200
7        Vacancy and Credit Losses: $2,979 ¬ 5.0% 5.0% ® $3,060
8 Other Income: $480 ¬ 0.8% 0.8% ® $480
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $57,081   % AGI % AGI   $58,620
10  Accounting and Legal: $500 ¬ 0.9% 0.9% ® $500
11                                      Advertising: $200 ¬ 0.4% 0.3% ® $200
12           Repair and Maintenance: $6,000 ¬ 10.5% 10.2% ® $6,000
13                                         Insurance: $3,500 ¬ 6.1% 6.0% ® $3,500
14                                 Management: $4,528 ¬ 8.0% 8.0% ® $4,651
15                                                 Taxes: $1,868 ¬ 3.3% 3.2% ® $1,868
16 Refuse: $1,200 ¬ 2.1% 2.0% ® $1,200
17 Electric: $1,800 ¬ 3.2% 3.1% ® $1,800
18 Gas: $2,100 ¬ 3.7% 3.6% ® $2,100
19 Water & Sewer: $3,000 ¬ 5.3% 5.1% ® $3,000
20  Other:   $0 ¬ 0.0% 0.0% ® $0
21 Total Expenses(sum L10 - L20): $24,696 ¬ 43.3% 42.3% ® $24,819
22 Net Operating Income(L9 minus L21): $32,385         $33,801
23 Less Annual Debt Service: 23,001 ¬ 40.3% 39.2% ® 23,001
24 Net Income (Cash Flow) L22-L23): 9,383 10,799
25 CAP RATE (NOI ¸ PURCHASE PRICE): 9.55% 9.97%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 13.84% 15.93%
           Estimated Financing              
Purchase Price: $339,000 7.00% :Interest      
20%  Down:  $             67,800 25 :Years Amortized    
Amount Financed: $271,200  $   1,916.79 :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 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 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.