Savannah Gardens PROPERTY HIGHLIGHTS. Prepared By. 23 NW 434 PRV RD Clinton, MO Chuck Gray Broker

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1 Savannah Gardens 23 NW 434 PRV RD Clinton, MO PROPERTY HIGHLIGHTS 20 Duplex Buildings 40-units 3 bed 2- bath 1 car garage units 1,400 sq ft per unit 52-mini storage units 12' X 20' Prepared By Chuck Gray Broker cgremax@yahoo.com Excellent location more land available 5 NE 91 Road Clinton, MO

2 Table of Contents Property Description... 3 Executive Summary... 4 Pro Forma Summary... 5 Cash Flow Analysis... 6 Property Photos... 7 County Map Storage unit rates... 12

3 PROPERTY DESCRIPTION 23 NW 434 PRV RD Clinton, MO duplex buildings / 40-units and 2-storage buildings / 52-units on 17 acres +/-. Property is stabilized and all units are rent ready. The duplex units are 1,400 sq. ft. +/- each 3-bedroom, 2-bath,1-car garage. with projected rents of $ per month. 52- storage units 12' wide X 20' deep projected rents at $55.00 each. Each storage building is approximately 3,120 sq. ft. +/-. Water is rural, sewer is onsite via a state of Missouri permitted and approve packaging plant. Tenants pay all utilities. Each unit individually metered. All electric. The storage units lease-up begin March 15, All 40-duplex units became rent ready April This property was bank owned and set vacant from 2008 until Make ready and lease-up begin in phases in Property in class A condition currently. Vacancy factor & Maintenance Reserves are estimated at,10% each of the effective income,for this proforma. Income and Expenses are estimated at market rents and actual and estimated expenses for this proforma. This is a proforma and not to be relied on. Purchaser will be allowed sufficient time to preform any inspections or feasibility studies purchaser may deem necessary. Contact: Chuck Gray (660) or cgremax@yahoo.com P. 3 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

4 EXECUTIVE SUMMARY 23 NW 434 PRV RD Clinton, MO Acquisition Costs Purchase Price, Points and Closing Costs $2,700,000 Investment - Cash $675,000 First Loan $2,025,000 Investment Information Purchase Price $2,700,000 Price per Unit $29,348 Price per Sq. Ft. $43.38 Income per Unit $3,999 Expenses per Unit ($1,044) Income, Expenses & Cash Flow Gross Scheduled Income $367,920 Total Vacancy and Credits ($36,792) Operating Expenses ($96,063) Net Operating Income $235,065 Debt Service ($157,032) Cash Flow Before Taxes $78,033 Financial Indicators Cash on Cash Return Before Taxes 11.56% Debt Coverage Ratio 1.50 Capitalization Rate 8.71% Gross Rent Multiplier 7.34 Gross Income / Square Feet $5.91 Gross Expenses / Square Feet ($1.54) Operating Expense Ratio 29.01% P. 4 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

5 PRO FORMA SUMMARY 23 NW 434 PRV RD Clinton, MO UNIT MIX & ANNUAL SCHEDULED INCOME Type Units Actual Total 40 apt $695 ea 40 $8,340 $333, storage $55 52 $660 $34,320 ea TOTALS 92 $367,920 INVESTMENT SUMMARY Price: $2,700,000 Year Built: 2008 Units: 92 Price/Unit: $29,348 RSF: 62,240 Price/RSF: $43.38 Lot Size: 17.0 acres Floors: 1 Cap Rate: 8.71% GRM: 7.34 FINANCING SUMMARY Loan Amount: $2,025,000 Down Payment: $675,000 Loan Type: Balloon Interest Rate: 4.75% Term: 5 years Monthly Payment: $13,086 DCR: 1.5 ANNUALIZED INCOME Description Actual Gross Potential Rent $367,920 Less: Vacancy ($36,792) Effective Gross Income $331,128 Less: Expenses ($96,063) Net Operating Income $235,065 Debt Service ($157,032) Net Cash Flow after Debt Service $78,033 Principal Reduction $62,187 Total Return $140,220 ANNUALIZED EXPENSES Description Actual Accounting $1,200 Advertising $2,400 Building Insurance $15,000 Sewage Plant Maintenance $3,600 Grounds Maintenance $10,000 Legal $5,000 Maintenance 10% of EI $32,000 Taxes - Real Estate 2017 $22,063 Trash Removal $2,400 Utilities $2,400 Total Expenses $96,063 Expenses Per RSF $1.54 Expenses Per Unit $1,044 P. 5 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

6 CASH FLOW ANALYSIS 23 NW 434 PRV RD Clinton, MO Description Year 1 Year 2 Year 3 Year 4 Year 5 GROSS SCHEDULED INCOME $367,920 $367,920 $367,920 $367,920 $367,920 General Vacancy ($36,792) ($36,792) ($36,792) ($36,792) ($36,792) Total Operating Expenses ($96,063) ($96,063) ($96,063) ($96,063) ($96,063) NET OPERATING INCOME $235,065 $235,065 $235,065 $235,065 $235,065 Loan Payment ($157,032) ($157,032) ($157,032) ($157,032) ($157,032) NET CASH FLOW (b/t) $78,033 $78,033 $78,033 $78,033 $78,033 Cash On Cash Return b/t 11.56% 11.56% 11.56% 11.56% 11.56% * b/t = before taxes;a/t = after taxes The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. P. 6

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10 Sewage Packaging Plant

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