MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: Country Oak Estates Four Plex  
City: Lenexa State: KS Zip   BRICE BRADSHAW
Date:     Listing Price: $470,000 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 3 2. 5 $1,095 $1,095 $13,140 $1,095 $1,095 $13,140
2 3 2. 5 $1,075 $2,150 $25,800 $1,095 $2,190 $26,280
1 3 2. 5 $975 $975 $11,700 $1,095 $1,095 $13,140
                $0
                $0
            $0   $0
TOTALS $4,220 $50,640 TOTALS $4,380 $52,560
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $50,640   % GSI % GSI   $52,560
7        Vacancy and Credit Losses: $1,266 ¬ 2.5%[1] 2.5%[2] ® $1,314
8 Other Income: $400 ¬ 0.8% 0.8% ® $400
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $49,774   % AGI % AGI   $51,646
10 Insurance: $1,920 ¬ 3.9% 3.7% ® $1,920
11 Taxes: $5,280 ¬ 10.6% 10.2% ® $5,280
12 HOA (covers trash, lawn care, snow removal): $1,920 ¬ 3.9% 3.7% ® $1,920
13 Repairs and Maintenance: $2,000 ¬ 4.0% 3.9% ® $2,000
14                                 Management: $2,469 ¬ 5.0%[3] 5.0%[4] ® $2,562
15 Misc: $300 ¬ 0.6% 0.6% ® $300
16     ¬ 0.0% 0.0% ®  
17     ¬ 0.0% 0.0% ®  
18     ¬ 0.0% 0.0% ®  
19     ¬ 0.0% 0.0% ®  
20  Other:     ¬ 0.0% 0.0% ®  
21 Total Expenses(sum L10 - L20): $13,889 ¬ 27.9% 27.1% ® $13,982
22 Net Operating Income(L9 minus L21): $35,885         $37,664
23 Less Annual Debt Service: 26,331 ¬ 52.9% 51.0% ® 26,331
24 Net Income (Cash Flow) L22-L23): 9,554 11,333
25 CAP RATE (NOI ¸ PURCHASE PRICE): 7.64% 8.01%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 10.16% 12.06%
           Estimated Financing              
Purchase Price: $470,000 5.75% :Interest      
20%  Down:  $             94,000 30 :Years Amortized    
Amount Financed: $376,000  $   2,194.23 :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.

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