MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 3532 Troost (The Shelby) Reece & Nichols Realtors
City: Kansas City State: MO Zip: 66109 BRICE BRADSHAW
Date:     Listing Price: $259,000 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
3 2 1 $450 $1,350 $16,200 495 $1,485 $17,820
1 2 1    $475 $475 $5,700 495 $495 $5,940
2 2 1 $495 $990 $11,880 495 $990 $11,880
        $0 $0 0 $0 $0
        $0 $0 0 $0 $0
        $0 $0 0 $0 $0
TOTALS $2,815 $33,780 TOTALS $2,970 $35,640
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $33,780   % GSI % GSI   $35,640
7        Less Vacancy and Credit Losses: $1,689 ¬ 5.0% 5.0% ® $1,782
8 Other Income $0 ¬ 0.0% 0.0% ® $0
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $32,091   % AGI % AGI   $33,858
10 Less Accounting and Legal $100 ¬ 0.3% 0.3% ® $100
11                                      Less Advertising: $0 ¬ 0.0% 0.0% ® $0
12           Less Repair and Maintenance: $2,400 ¬ 7.5% 7.1% ® $2,400
13                                         Less Insurance: $1,700 ¬ 5.3% 5.0% ® $1,700
14                                 Less Management: $2,567 ¬ 8.0% 8.0% ® $2,709
15                                                Less Taxes: $0 ¬ 0.0% 0.0% ® $0
16 Trash & Pest Control $300 ¬ 0.9% 0.9% ® $300
17 Electric $480 ¬ 1.5% 1.4% ® $480
18 Heating Fuel $0 ¬ 0.0% 0.0% ® $0
19 Water & Sewer $50 ¬ 0.2% 0.1% ® $50
20 Less Other: Misc $225 ¬ 0.7% 0.7% ® $225
21 Total Expenses(sum L10 - L20): $7,822 ¬ 24.4% 23.5% ® $7,964
22 Net Operating Income(L9 minus L21): $24,269         $25,894
23 Less Annual Debt Service:  $      17,573 ¬ 54.8% 51.9% ®  $   17,573
24 Net Income (Cash Flow) L22-L23): 6,695 8,321
25 CAP RATE (NOI ¸ PURCHASE PRICE): 9.37% 10.00%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 12.93% 16.06%
           Estimated Financing              
Purchase Price: $259,000 7.00% :Interest      
20%  Down:  $       51,800 25 :Years Amortized    
Amount Financed:  $     207,200  $       1,464.45 :P&I Monthly Payment          
Description: Wonderful historic six plex that is in great shape.  This complex has old world charm with new amenities.  Within the last 2.5 years this complex has had a new roof, new sewer line and all units have been redone.  All units have central air, dishwashers, individual hot water heaters and approximately 1100 sq.ft. in the spacious 2 bedrooms units.  Hallways have recently been repainted and the wood floors redone.  Units have individual electric meters, gas meters and the very rare individual water meters.  Complex is 100% occupied.  Plenty of off street parking in the paved parking lot.  Property is on a master key system.  The tax expense number is correct.  Property is owned by the wife of the listing agent (she owned it before they got married).  She is a licensed broker in Kansas and a licensed agent in Missouri.