MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 2729 CAMPBELL Reece & Nichols Realtors
City: KANSAS CITY State: MO.  Zip: 64109 BRICE BRADSHAW
Date:     Listing Price: $529,999 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
1 1 1 $500 $500 $6,000 500 $500 $6,000
4 1 1    $450 $1,800 $21,600 450 $1,800 $21,600
3 1 1 $425 $1,275 $15,300 450 $1,350 $16,200
6 STUDIO 1 $375 $2,250 $27,000 375 $2,250 $27,000
1 STUDIO 1 $360 $360 $4,320 375 $375 $4,500
1 STUDIO 1 $350 $350 $4,200 375 $375 $4,500
TOTALS $6,535 $78,420 TOTALS $6,650 $79,800
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $78,420   % GSI % GSI   $79,800
7        Less Vacancy and Credit Losses: $3,921 ¬ 5.0% 5.0% ® $3,990
8 Storage Units, Laundry & Other Income $3,100 ¬ 4.0% 3.9% ® $3,100
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $77,599   % AGI % AGI   $78,910
10 Less Accounting and Legal $500 ¬ 0.6% 0.6% ® $500
11                                      Less Advertising: $300 ¬ 0.4% 0.4% ® $300
12           Less Repair and Maintenance: $4,500 ¬ 5.8% 5.7% ® $4,500
13                                         Less Insurance: $3,960 ¬ 5.1% 5.0% ® $3,960
14                                 Less Management: $5,960 ¬ 8.0% 8.0% ® $6,065
15                                                Less Taxes: $1,133 ¬ 1.5% 1.4% ® $1,133
16 Refuse $900 ¬ 1.2% 1.1% ® $900
17 Electric $1,197 ¬ 1.5% 1.5% ® $1,197
18 Gas $2,461 ¬ 3.2% 3.1% ® $2,461
19 Water & Sewer $1,560 ¬ 2.0% 2.0% ® $1,560
20 Less Other:   $0 ¬ 0.0% 0.0% ® $0
21 Total Expenses(sum L10 - L20): $22,471 ¬ 29.0% 28.6% ® $22,576
22 Net Operating Income(L9 minus L21): $55,128         $56,334
23 Less Annual Debt Service:  $      37,935 ¬ 48.9% 48.1% ®  $   37,935
24 Net Income (Cash Flow) L22-L23): 17,193 18,400
25 CAP RATE (NOI ¸ PURCHASE PRICE): 10.40% 10.63%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 16.22% 17.36%
           Estimated Financing              
Purchase Price: $529,999 6.50% :Interest      
20%  Down:  $     106,000 20 :Years Amortized    
Amount Financed:  $     423,999  $       3,161.22 :P&I Monthly Payment          
Description: A GREAT 16-UNIT 2-STORY BRICK BUILDING WITH  PARKING LOT IN THE REAR.  NEW ROOF, REPLACEMENT WINDOWS, NEW REAR BALCONIES.  HEATING/COOLING HEATPUMPS IN EACH UNIT.  ALL NEW ELECTRICAL AND PLUMBING FROM THE GROUND UP.  ALL NEW KITCHENS WITH STOVE, REFRIG. MICROWAVE AND NEW CABINETS. NEW BATHS, HARDWOOD FLOORS, NEW DOORS AND EACH UNIT.  CAT-5 INTERNET WIRED.  LAUNDRY FACILITY IN BASEMENT ALONG WITH STORAGE UNITS AND AN EXCERCISE ROOM WITH EQUIPMENT. NEW HALLWAY EMERGENCY LIGHTING AND SMOKE DETECTION SYSTEM. NEW WROUGHT IRON FENCE.
 
 
 
 
 
 
 
 
    Information deemed reliable but not guaranteed