MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: Peery Reece & Nichols Realtors
City: Kansas City State: MO Zip   BRICE BRADSHAW
Date:     Listing Price: $205,000 Phone: 913-901-6305
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
1 2 1 $400 $400 $4,800 $475 $475 $5,700
2 2 1    $450 $900 $10,800 $475 $950 $11,400
2 2 1 $475 $950 $11,400 $475 $950 $11,400
1 2 1 $500 $500 $6,000 $475 $475 $5,700
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $2,750 $33,000 TOTALS $2,850 $34,200
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $33,000   % GSI % GSI   $34,200
7        Vacancy and Credit Losses: $1,650 ¬ 5.0% 5.0% ® $1,710
8 Other Income: $500 ¬ 1.5% 1.5% ® $500
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $31,850   % AGI % AGI   $32,990
10  Accounting and Legal: $0 ¬ 0.0% 0.0% ® $0
11                                      Advertising: $200 ¬ 0.6% 0.6% ® $200
12           Repair and Maintenance: $3,000 ¬ 9.4% 9.1% ® $3,000
13                                         Insurance: $2,000 ¬ 6.3% 6.1% ® $2,000
14                                 Management: $2,508 ¬ 8.0% 8.0% ® $2,599
15                                                 Taxes: $600 ¬ 1.9% 1.8% ® $600
16 Refuse: $720 ¬ 2.3% 2.2% ® $720
17 Electric: $700 ¬ 2.2% 2.1% ® $700
18 Gas: $950 ¬ 3.0% 2.9% ® $950
19 Water & Sewer: $1,700 ¬ 5.3% 5.2% ® $1,700
20  Other:     ¬ 0.0% 0.0% ®  
21 Total Expenses(sum L10 - L20): $12,378 ¬ 38.9% 37.8% ® $12,469
22 Net Operating Income(L9 minus L21): $19,472         $20,521
23 Less Annual Debt Service: 13,597 ¬ 42.7% 41.2% ® 13,597
24 Net Income (Cash Flow) L22-L23): 5,875 6,924
25 CAP RATE (NOI ¸ PURCHASE PRICE): 9.50% 10.01%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 14.33% 16.89%
           Estimated Financing              
Purchase Price: $205,000 6.75% :Interest      
20%  Down:  $             41,000 25 :Years Amortized    
Amount Financed: $164,000  $   1,133.09 :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 and Nichols and Nichols Realtors/Hargis Real Estate Group 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.