MULTI - FAMILY STAT / PROFORMA SHEET            
Property Address: 1109 West 40th  
City: Kansas City State: MO Zip   BRICE BRADSHAW
Date:   Listing Price: $230,000 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
1 1 1 $450 $450 $5,400 $495 $495 $5,940
2 1 1 $475 $950 $11,400 $495 $990 $11,880
3 1 1 $495 $1,485 $17,820 $495 $1,485 $17,820
      $0 $0 $0 $0 $0 $0
    $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $2,885 $34,620 TOTALS $2,970 $35,640
PROFORMA §       §
6 GROSS SCHEDULED INCOME: $34,620   % GSI % GSI   $35,640
7 Vacancy and Credit Losses: $1,385 Â 4.0%[1] 4.0%[2] ¨ $1,426
8 Other Income: $600 Â 1.7% 1.7% ¨ $600
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $33,835   % AGI % AGI   $34,814
10 Accounting and Legal: $200 Â 0.6% 0.6% ¨ $200
11 Advertising: $0 Â 0.0% 0.0% ¨ $0
12 Repair and Maintenance: $3,000 Â 8.9% 8.6% ¨ $3,000
13 Insurance: $1,510 Â 4.5% 4.3% ¨ $1,510
14 Management: $2,659 Â 8.0%[3] 8.0%[4] ¨ $2,737
15 Taxes: $1,260 Â 3.7% 3.6% ¨ $1,260
16 Refuse: $0 Â 0.0% 0.0% ¨ $0
17 Utilities: $2,850 Â 8.4% 8.2% ¨ $2,850
18 Cleaning, Lawn Care and Snow Removal: $1,500 Â 4.4% 4.3% ¨ $1,500
19     Â 0.0% 0.0% ¨  
20 Other:     Â 0.0% 0.0% ¨  
21 Total Expenses(sum L10 - L20): $12,979 Â 38.4% 37.5% ¨ $13,057
22 Net Operating Income(L9 minus L21): $20,856         $21,757
23 Less Annual Debt Service: 13,023 Â 38.5% 37.4% ¨ 13,023
24 Net Income (Cash Flow) L22-L23): 7,834 8,735
25 CAP RATE (NOI ü PURCHASE PRICE): 9.07% 9.46%
26 RETURN ON INVESTMENT (NI ü DOWN): 13.62% 15.19%
    Estimated Financing              
Purchase Price: $230,000 5.75% :Interest  
25% Down: $ 57,500 25 :Years Amortized  
Amount Financed: $172,500 $ 1,085.21 :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.

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