MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 3921 Wyandotte  
City: Kansas City State: MO  Zip   BRICE BRADSHAW
      Price Scenario: $249,000 Phone: 913-901-6305
      Fax:                 913-901-6450
     
 
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 $725 $725 $8,700 $725 $725 $8,700
4 2 1 $575 $2,300 $27,600 $595 $2,380 $28,560
2 2 1 $550 $1,100 $13,200 $595 $1,190 $14,280
      $0 $0 $0 $595 $0 $0
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $4,125 $49,500 TOTALS $4,295 $51,540
 PROFORMA §         §
6          GROSS SCHEDULED INCOME: $49,500   % GSI % GSI   $51,540
7        Vacancy and Credit Losses: $2,475 Â 5.0%[1] 5.0%[2] ¨ $2,577
8 Other Income: $400 Â 0.8% 0.8% ¨ $400
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $47,425   % AGI % AGI   $49,363
10  Accounting and Legal: $300 Â 0.6% 0.6% ¨ $300
11                                      Advertising: $200 Â 0.4% 0.4% ¨ $200
12           Repair and Maintenance: $5,600 Â 11.8% 11.3% ¨ $5,600
13                                         Insurance: $1,600 Â 3.4% 3.2% ¨ $1,600
14                                 Management: $3,762 Â 8.0%[3] 8.0%[4] ¨ $3,917
15                                                 Taxes: $1,562 Â 3.3% 3.2% ¨ $1,562
16 Refuse: $840 Â 1.8% 1.7% ¨ $840
17 Electric: $2,700 Â 5.7% 5.5% ¨ $2,700
18 Water & Sewer: $2,300 Â 4.8% 4.7% ¨ $2,300
19 Cleaning, Snow Removal and Lawn Care: $1,800 Â 3.8% 3.6% ¨ $1,800
20  Other:     Â 0.0% 0.0% ¨  
21 Total Expenses(sum L10 - L20): $20,664 Â 43.6% 42.2% ¨ $20,819
22 Net Operating Income(L9 minus L21): $26,761         $28,544
23 Less Annual Debt Service: 14,098 Â 29.7% 28.6% ¨ 14,098
24 Net Income (Cash Flow) L22-L23): 12,663 14,446
25 CAP RATE (NOI ü PURCHASE PRICE): 10.75% 11.46%
26 RETURN ON INVESTMENT (NI ü DOWN): 20.34% 23.21%
           Estimated Financing              
Purchase Price: $249,000 5.75% :Interest      
25%  Down: $62,250 25 :Years Amortized    
Amount Financed: $186,750 $1,174.86 :P&I Monthly Payment          
   
 
 
 
 
 
 
 
 
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 interst 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 themsleves 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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