MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 2800 Park Reece & Nichols Realtors
City: Kansas City State: MO Zip:   BRICE BRADSHAW
Date:     Listing Price: $329,000 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
6 1 1 $335 $2,010 $24,120 360 $2,160 $25,920
6 1 1    $365 $2,190 $26,280 390 $2,340 $28,080
        $0 $0 0 $0 $0
        $0 $0 0 $0 $0
        $0 $0 0 $0 $0
        $0 $0 0 $0 $0
TOTALS $4,200 $50,400 TOTALS $4,500 $54,000
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $50,400   % GSI % GSI   $54,000
7        Less Vacancy and Credit Losses: $2,520 ¬ 5.0% 5.0% ® $2,700
8 Other Income $1,800 ¬ 3.6% 3.3% ® $1,800
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $49,680   % AGI % AGI   $53,100
10 Less Accounting and Legal $0 ¬ 0.0% 0.0% ® $0
11                                      Less Advertising: $100 ¬ 0.2% 0.2% ® $100
12           Less Repair and Maintenance: $4,000 ¬ 8.1% 7.5% ® $4,000
13                                         Less Insurance: $3,500 ¬ 7.0% 6.6% ® $3,500
14                                 Less Management: $3,830 ¬ 8.0% 8.0% ® $4,104
15                                                Less Taxes: $1,509   3.0% 2.8% ® $1,509
16 Trash & Pest Control $1,400 ¬ 2.8% 2.6% ® $1,400
17 Electric $800 ¬ 1.6% 1.5% ® $800
18 Heating Fuel $2,000 ¬ 4.0% 3.8% ® $2,000
19 Water & Sewer $2,500 ¬ 5.0% 4.7% ® $2,500
20 Less Other:     ¬ 0.0% 0.0% ® $0
21 Total Expenses(sum L10 - L20): $19,639 ¬ 39.5% 37.5% ® $19,913
22 Net Operating Income(L9 minus L21): $30,041         $33,187
23 Less Annual Debt Service:  $      23,086 ¬ 46.5% 43.5% ®  $   23,086
24 Net Income (Cash Flow) L22-L23): 6,955 10,101
25 CAP RATE (NOI ¸ PURCHASE PRICE): 9.13% 10.09%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 10.57% 15.35%
           Estimated Financing              
Purchase Price: $329,000 6.25% :Interest      
20%  Down:  $       65,800 20 :Years Amortized    
Amount Financed:  $     263,200  $       1,923.80 :P&I Monthly Payment          
Description: This 12 plex was upgraded approximately 12-15 years ago and is currently being rehabbed again.  This building futures off street parking, many units with ceramic tile, new carpet and many new mechanicals.  Building will be in lease up mode soon.  The units are very nice inside with updated kitchens and baths. 
 
 
 
 
 
 
 
 
    Information deemed reliable but not guaranteed