MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 4224 Harrison  
City: Kansas City State: MO  Zip   BRICE BRADSHAW
Date:     Listing Price: $259,000 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
4 2 1 $595 $2,380 $28,560 $625 $2,500 $30,000
2 2 1 $625 $1,250 $15,000 $625 $1,250 $15,000
                 
                 
                 
                 
TOTALS $3,630 $43,560 TOTALS $3,750 $45,000
 PROFORMA §         §
6          GROSS SCHEDULED INCOME: $43,560   % GSI % GSI   $45,000
7        Vacancy and Credit Losses: $2,178 Â 5.0%[1] 5.0%[2] ¨ $2,250
8 Other Income: $900 Â 2.1% 2.0% ¨ $900
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $42,282   % AGI % AGI   $43,650
10  Accounting and Legal: $250 Â 0.6% 0.6% ¨ $250
11                                      Advertising: $0 Â 0.0% 0.0% ¨ $0
12           Repair and Maintenance: $4,800 Â 11.4% 11.0% ¨ $4,800
13                                         Insurance: $1,900 Â 4.5% 4.4% ¨ $1,900
14                                 Management: $3,311 Â 8.0%[3] 8.0%[4] ¨ $3,420
15                                                 Taxes: $1,065 Â 2.5% 2.4% ¨ $1,065
16 Refuse: $0 Â 0.0% 0.0% ¨ $0
17 Utilities: $4,860 Â 11.5% 11.1% ¨ $4,860
18 Misc: $1,200 Â 2.8% 2.7% ¨ $1,200
19     Â 0.0% 0.0% ¨  
20  Other:     Â 0.0% 0.0% ¨  
21 Total Expenses(sum L10 - L20): $17,386 Â 41.1% 40.1% ¨ $17,495
22 Net Operating Income(L9 minus L21): $24,896         $26,155
23 Less Annual Debt Service: 14,314 Â 33.9% 32.8% ¨ 14,314
24 Net Income (Cash Flow) L22-L23): 10,582 11,841
25 CAP RATE (NOI ü PURCHASE PRICE): 9.61% 10.10%
26 RETURN ON INVESTMENT (NI ü DOWN): 16.34% 18.29%
           Estimated Financing              
Purchase Price: $259,000 5.50% :Interest      
25%  Down: $64,750 25 :Years Amortized    
Amount Financed: $194,250 $1,192.86 :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 Commercial/KCCommercial.net 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.  Sellers are licensed real estate agents and one partner is the wife of the listing agent.  

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