MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: The Orleans  
City: Kansas City State: MO  Zip      
Date:     Listing Price: $1,070,000  
MLS No.    
Directions:    
 
Unit Description     Current Rental Data         Market Rental Data
# of Units # Bed # Bath Unit Rent Mo. Rent Yearly Rent Unit Rent Mo. Rent Yearly Rent
10 1 1 $470 $4,700 $56,400 $485 $4,850 $58,200
16 2 1 $563 $9,008 $108,096 $585 $9,360 $112,320
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $13,708 $164,496 TOTALS $14,210 $170,520
 PROFORMA §         §
6          GROSS SCHEDULED INCOME: $164,496   % GSI % GSI   $170,520
7        Vacancy and Credit Losses: $6,580 Â 4.0%[1] 4.0%[2] ¨ $6,821
8 Other Income: $4,750 Â 2.9% 2.8% ¨ $4,750
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $162,666   % AGI % AGI   $168,449
10  Accounting and Legal: $1,400 Â 0.9% 0.8% ¨ $1,400
11                                      Advertising: $350 Â 0.2% 0.2% ¨ $350
12           Repair and Maintenance: $19,200 Â 11.8% 12.2% ¨ $20,500
13                                         Insurance: $7,050 Â 4.3% 4.2% ¨ $7,050
14                                 Management: $11,054 Â 7.0%[3] 7.0%[4] ¨ $11,459
15                                                 Taxes: $4,060 Â 2.5% 2.4% ¨ $4,060
16 Trash and Pest Control: $1,200 Â 0.7% 0.7% ¨ $1,200
17 Electricity: $3,800 Â 2.3% 2.2% ¨ $3,700
18 Gas: $4,500 Â 2.8% 3.6% ¨ $6,020
19 Water and Sewer: $9,800 Â 6.0% 5.8% ¨ $9,800
20  Other: Cleaning, Lawn Care and Snow Removal: $4,000 Â 2.5% 2.4% ¨ $4,000
21 Total Expenses(sum L10 - L20): $66,414 Â 40.8% 41.3% ¨ $69,539
22 Net Operating Income(L9 minus L21): $96,252         $98,910
23 Less Annual Debt Service: 52,169 Â 32.1% 31.0% ¨ 52,169
24 Net Income (Cash Flow) L22-L23): 44,083 46,741
25 CAP RATE (NOI ü PURCHASE PRICE): 9.00% 9.24%
26 RETURN ON INVESTMENT (NI ü DOWN): 16.48% 17.47%
           Estimated Financing              
Purchase Price: $1,070,000 4.25% :Interest      
25%  Down: $267,500 25 :Years Amortized    
Amount Financed: $802,500 $4,347.45 :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 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.

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