MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: Washington Apartments  
City: Kansas City State: MO  Zip   BRICE BRADSHAW  
      Listing Price: $1,020,000 Phone: 913-901-6305  
      Fax:                 913-901-6450
     
www.kccommercial.net
Unit Description     Current Rental Data         Market Rental Data
# of Units # Bed # Bath Ave. Rent Mo. Rent Yearly Rent Ave. Rent Mo. Rent Yearly Rent
24 1 1 $475 $11,400 $136,800 $500 $12,000 $144,000
       $0 $0 $0 $0 $0 $0
      $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 $11,400 $136,800 TOTALS $12,000 $144,000
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $136,800   % GSI % GSI   $151,200
7        Vacancy & Credit Losses: $4,104 ¬ 3.0%[1] 3.0%[2] ® $4,536
8 Garage, Laundry & Other Income: $7,440 ¬ 5.4% 4.9% ® $7,440
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $140,136   % AGI % AGI   $152,592
10  Accounting & Legal: $1,200 ¬ 0.9% 0.8% ® $1,200
11                                      Advertising: $300 ¬ 0.2% 0.2% ® $300
12           Repair & Maintenance: $10,271 ¬ 7.3% 6.7% ® $10,271
13                                         Insurance: $4,957 ¬ 3.5% 3.2% ® $4,957
14                                 Management: $9,289 ¬ 7.0%[3] 7.0%[4] ® $10,266
15                                                 Taxes: $5,770 ¬ 4.1% 3.8% ® $5,770
16 Utilities: $9,200 ¬ 6.6% 6.0% ® $9,200
17 Cleaning, Lawn Care & Snow Removal: $4,200 ¬ 3.0% 2.8% ® $4,200
18   $0 ¬ 0.0% 0.0% ® $0
19   $0 ¬ 0.0% 0.0% ® $0
20  Other:   $0 ¬ 0.0% 0.0% ® $0
21 Total Expenses(sum L10 - L20): $45,187 ¬ 32.2% 30.3% ® $46,164
22 Net Operating Income(L9 minus L21): $94,949         $106,428
23 Less Annual Debt Service: 60,291 ¬ 43.0% 39.5% ® 60,291
24 Net Income (Cash Flow) L22-L23): 34,658 46,136
25 CAP RATE (NOI ¸ PURCHASE PRICE): 9.31% 10.43%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 16.99% 22.62%
           Estimated Financing              
Purchase Price: $1,020,000 6.25% :Interest      
20%  Down:  $          204,000 30 :Years Amortized    
Amount Financed: $816,000  $   5,024.25 :P&I Monthly Payment          
   
 
 
 
 
 
 
 
 
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/Bradshaw & Hargis 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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