MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 901 Benton Blvd. BILL HARGIS CRS, RECS
City: Kansas City State: Mo.  Zip:   Reece & Nichols Realtors
Date:     Listing Price: $429,000 Phone: 913-901-6352
MLS No.     Fax:                913-901-6450
Directions:   billh@reeceandnichols.com
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
6 2 1 $450 $2,700 $32,400 $495 $2,700 $32,400
6 2 2    $475 $2,850 $34,200 $495 $3,600 $43,200
        $0 $0 0 $0 $0
        $0 $0 0 $0 $0
        $0 $0 0 $0 $0
        $0 $0 0 $0 $0
TOTALS $5,550 $66,600 TOTALS $6,300 $75,600
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $66,600   % GSI % GSI   $75,600
7        Less Vacancy and Credit Losses: $3,330 ¬ 5.0% 5.0% ® $3,780
8 Other Income $1,800 ¬ 2.7% 2.4% ® $1,800
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $65,070   % AGI % AGI   $73,620
10 Less Accounting and Legal $300 ¬ 0.5% 0.4% ® $300
11                                      Less Advertising: $100 ¬ 0.2% 0.1% ® $100
12           Less Repair and Maintenance: $5,000 ¬ 7.7% 6.8% ® $5,000
13                                         Less Insurance: $4,000 ¬ 6.1% 5.4% ® $4,000
14                                 Less Management: $5,062 ¬ 8.0% 8.0% ® $5,746
15                                                Less Taxes: $1,417 ¬ 2.2% 1.9% ® $1,417
16 Trash & Pest Control $1,300 ¬ 2.0% 1.8% ® $1,300
17 Electric $600 ¬ 0.9% 0.8% ® $600
18 Heating Fuel $600 ¬ 0.9% 0.8% ® $600
19 Water & Sewer $2,800 ¬ 4.3% 3.8% ® $2,800
20 Less Other:     ¬ 0.0% 0.0% ® $0
21 Total Expenses(sum L10 - L20): $21,179 ¬ 32.5% 29.7% ® $21,863
22 Net Operating Income(L9 minus L21): $43,891         $51,757
23 Less Annual Debt Service:  $      30,706 ¬ 47.2% 40.7% ®  $   29,990
24 Net Income (Cash Flow) L22-L23): 13,186 21,767
25 CAP RATE (NOI ¸ PURCHASE PRICE): 10.23% 12.06%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 15.37% 25.37%
           Estimated Financing              
Purchase Price: $429,000 6.50% :Interest      
20%  Down:  $       85,800 20 :Years Amortized    
Amount Financed:  $     343,200  $       2,558.81 :P&I Monthly Payment          
Description: 2 NEWLY RENOVATED 6-UNIT BRICK BUILDINGS WITH A LARGE ASPHALT PARKING LOT.  ALL LARGE 2-BEDROOM APARTMENTS WITH FORCED AIR GAS FURNACES AND CENTRAL AIR CONDITIONING.  EACH UNIT HAS IT'S OWN HOT WATER HEATER.  NEWER ROOFS AND WINDOWS.  MANY NEW APPLIANCES.  NEWER 100 AMP ELECTRICAL SERVICE TO EACH UNIT.  LOCATED ON ON CHARMING STREET IN THE OLD HISTORIC NORTHEAST PART OF TOWN.   MANY NEW FURNACES, MANY UNITS HAVE NEW TILE AND CARPET AS WELL OF HOT WATER HEATERS.  PROPERTY JUST FINISHING ITS REHAB STAGE AND WILL BEGIN LEASING SOON.
 
 
 
 
 
 
 
 
    Information deemed reliable but not guaranteed