MULTI - FAMILY STAT / PROFORMA SHEET

Property Address:

914 South Edgebrook

City:

Olathe

State:

Ks.

Zip

66062

BRICE BRADSHAW

Date:

Listing Price:

$189,900

Phone:

913-901-6305

MLS No.

Fax:

913-901-6450

Directions:

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

$575

$6,900

$575

$6,900

$550

$6,600

$575

$6,900

$500

$1,000

$12,000

$575

$1,150

$13,800

TOTALS

$2,125

$25,500

TOTALS

$2,300

$27,600

PROFORMA

GROSS SCHEDULED INCOME:

$25,500

% GSI

$27,600

Vacancy and Credit Losses:

$1,275

5.0%[1]

5.0%[2]

$1,380

Other Income:

$300

1.2%

1.1%

$300

ADJUSTED GROSS INCOME (L6-(L7+L8)):

$24,525

% AGI

$26,520

Accounting and Legal:

0.0%

Advertising:

$100

0.4%

$100

Repair and Maintenance:

$1,800

7.3%

6.8%

$1,800

Insurance:

$950

3.9%

3.6%

$950

Management:

$1,696

7.0%[3]

7.0%[4]

$1,835

Taxes:

$3,115

12.7%

11.7%

$3,115

Refuse:

0.0%

Electric:

0.0%

Gas:

0.0%

Water & Sewer:

0.0%

Other:

HOA:

$700

2.9%

2.6%

$700

Total Expenses(sum L10 - L20):

$8,361

34.1%

32.1%

$8,500

Net Operating Income(L9 minus L21):

$16,164

$18,020

Less Annual Debt Service:

11,225

45.8%

42.3%

11,225

Net Income (Cash Flow) L22-L23):

4,939

6,795

CAP RATE (NOI ¸ PURCHASE PRICE):

8.51%

9.49%

RETURN ON INVESTMENT (NI ¸ DOWN):

13.01%

17.89%

Estimated Financing

Purchase Price:

$189,900

6.25%

:Interest

20%

Down:

$ 37,980

:Years Amortized

Amount Financed:

$151,920

$ 935.40

: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.

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