MULTI - FAMILY STAT / PROFORMA SHEET            
Property Address: 902 East 39th  
City:   State:   Zip   BRICE BRADSHAW
Date:     Listing Price: $319,000 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
9 1 1 $400 $3,600 $43,200 $425 $3,825 $45,900
1 1 1 $610 $610 $7,320 $620 $620 $7,440
2 1 1 $620 $1,240 $14,880 $620 $1,240 $14,880
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $5,450 $65,400 TOTALS $5,685 $68,220
PROFORMA §       §
6 GROSS SCHEDULED INCOME: $65,400   % GSI % GSI   $68,220
7 Vacancy and Credit Losses: $3,270 Â 5.0%[1] 5.0%[2] ¨ $3,411
8 Other Income: $900 Â 1.4% 1.3% ¨ $900
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $63,030   % AGI % AGI   $65,709
10 Accounting and Legal: $500 Â 0.8% 0.8% ¨ $500
11 Advertising: $250 Â 0.4% 0.4% ¨ $250
12 Repair and Maintenance: $9,000 Â 14.3% 13.7% ¨ $9,000
13 Insurance: $2,600 Â 4.1% 4.0% ¨ $2,600
14 Management: $4,970 Â 8.0%[3] 8.0%[4] ¨ $5,185
15 Taxes: $1,625 Â 2.6% 2.5% ¨ $1,625
16 Refuse: $0 Â 0.0% 0.0% ¨ $0
17 Electric: $5,000 Â 7.9% 7.6% ¨ $5,000
18 Gas: $0 Â 0.0% 0.0% ¨ $0
19 Water & Sewer: $4,000 Â 6.3% 6.1% ¨ $4,000
20 Other: Misc: $3,200 Â 5.1% 4.9% ¨ $3,200
21 Total Expenses(sum L10 - L20): $31,145 Â 49.4% 47.7% ¨ $31,360
22 Net Operating Income(L9 minus L21): $31,885         $34,349
23 Less Annual Debt Service: 18,062 Â 28.7% 27.5% ¨ 18,062
24 Net Income (Cash Flow) L22-L23): 13,823 16,288
25 CAP RATE (NOI ü PURCHASE PRICE): 10.00% 10.77%
26 RETURN ON INVESTMENT (NI ü DOWN): 17.33% 20.42%
    Estimated Financing              
Purchase Price: $319,000 5.75% :Interest  
25% Down: $ 79,750 25 :Years Amortized  
Amount Financed: $239,250 $ 1,505.14 :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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