REAL ESTATE INVESTMENT GUIDE

C a sh -F lo w
Duplexes!
26 Tenant-Ready Units
th
8 Strongest Rental Market
Kansas City, Missouri
Cash-Flow, Equity and Appreciation

The Orchards at Chapman Farms

(800) 611-3060
www.NoradaRealEstate.com
Your Premier Source For Real Estate Investments
INVESTMENT OPPORTUNITY
Norada Real Estate Investments is
pleased to offer our 26-building
community consisting of a 104
Townhome units in Blue Springs,
Missouri. (Greater Kansas City)

Blue Springs is part of the growing

Kansas City metro area and is the 36th
largest city in the nation. According to
the Kansas City Area Development
Council, the Kansas City Metro area has
over one million people.

The Orchards is located in the master

planned community of Chapman Farms.

Kansas City has a strong rental market with high rents and a low vacancy rate.

The project has a community swimming pool, cabana and open space. The Orchards project is
a luxury townhome community that could provide strong investment returns.

FAST FACTS
• 26 units on 12.4 acres.
• Neighborhood pool & cabana house.
• 20 Minutes to the Kansas City Metro.
• Onsite leasing office.
• Highly sought after Lee Summit schools.
• Tenant Ready Townhomes.
• Close to major highway access.
• Located close to future Wal*Mart.
• Positive cash-flow.
• As little as 10% down-payment to purchase.
• 114% first year Return on Investment (ROI).
• 4% to 6% recent appreciation.
• 40.5% of all housing in Kansas City in 2030
will have been built since 2000.
• At the current rate of development, Greater
Kansas City will develop 396 square miles
during the next 30 years.

The DealGrader™ Score measures the investment quality of a real estate investment. It is
designed to give you an overall snapshot of the profitability and investment risk in the form of
an easy to understand score (out of 10).
DealGrader™ is a proprietary algorithm that uses a blend of over 15 different variables
including cash-flow, existing equity, internal rates of return (IRR), job growth, market stability,
market absorption, macro economic factors, and others.

(800) 611-3060
CASH FLOW and EQUITY ACCUMULATION 10% Down Payment Model

Summary Acquisition Information Purchase Parameters and Assumptions Annual Increases (%)
Current Market Value: $260,000 Current Market Value: $260,000 Gross Monthly Rent: $2,000 Appreciation: 5.0%
Purchase Price: $245,000 Purchase Price: $245,000 Vacancy Factor: 5.0% Rent Increase: 2.5%
Total Loan Amount: $220,500 Down Payment: 10.0% Initial Vacancy (months): 0
First Loan: $220,500 Monthly Property Tax: $279 Property Tax: 1.0%
Closing Costs: $0 Loan Interest Rate: 4.875% Monthly Insurance: $0 Insurance: 1.0%
Down Payment: $24,500 Second Loan: $0 Monthly HOA: $140 HOA: 2.0%
Reserve Account: $0 Loan Interest Rate (2nd): 0.000% Monthly Lawn Care: $0 Lawn Care: 2.0%
Buyer Credits: $0 Closing Costs: 0.0% Monthly Water/Sewer/Trash: $0 Water/Sewer: 2.0%
Total Investment: $24,500 PMI Mortgage Insurance: $180.08 Property Management: 6% Depreciation: 27.5

CASH-FLOW
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 10 YEAR 15 YEAR 20
Gross Rental Income $24,000 $24,600 $25,215 $25,845 $26,492 $29,973 $29,973 $33,911 $38,368
Initial Vacancy Rental Impact $0 - - - - - - - -
Vacancy Factor ($1,200) ($1,230) ($1,261) ($1,292) ($1,325) ($1,499) ($1,499) ($1,696) ($1,918)
Total Operating Income $22,800 $23,370 $23,954 $24,553 $25,167 $28,474 $28,474 $32,216 $36,449

Property Taxes $3,350 $3,384 $3,417 $3,452 $3,486 $3,664 $3,664 $3,851 $4,047
Insurance $0 $0 $0 $0 $0 $0 $0 $0 $0
Property Management $1,368 $1,402 $1,437 $1,473 $1,510 $1,708 $1,708 $1,933 $2,187
Other: Lawn Care $0 $0 $0 $0 $0 $0 $0 $0 $0
Other: PMI $2,293 $2,161 $0 $0 $0 $0 $0 $0 $0
Other: Water/Sewer/Trash $0 $0 $0 $0 $0 $0 $0 $0 $0
Other: HOA Dues $1,680 $1,714 $1,748 $1,783 $1,818 $2,008 $2,008 $2,217 $2,447
Total Operating Expense ($8,691) ($8,660) ($6,602) ($6,708) ($6,815) ($7,380) ($7,380) ($8,000) ($8,682)
$0
Loan Payments (896) ($9,854) ($10,749) ($10,749) ($10,749) ($10,749) ($10,749) ($10,749) ($10,749) ($10,749)
CASH FLOW (Before Tax) $4,255 $3,960 $6,602 $7,096 $7,603 $10,345 $10,345 $13,466 $17,018
Value of negative operating cash flows - 0 0 0 0 0 - 0 0 0
Depreciation $7,127 $7,127 $7,127 $7,127 $7,127 $7,127 $7,127 $7,127 $7,127
Loan Interest $9,854 $10,749 $10,749 $10,749 $10,749 $10,749 $10,749 $10,749 $10,749
Subtotal $16,981 $17,877 $17,877 $17,877 $17,877 $17,877 $17,877 $17,877 $17,877
Taxable Income ($2,872) ($3,167) ($525) ($31) $476 $3,217 $3,217 $6,339 $9,891
Tax Bracket Savings 36% $1,034 $1,140 $189 $11 ($171) ($1,158) ($1,158) ($2,282) ($3,561)
CASH FLOW (After Tax) $5,289 $5,100 $6,791 $7,107 $7,432 $9,186 $9,186 $11,184 $13,458

EQUITY ACCUMULATION
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 10 YEAR 15 YEAR 20
Property Value $273,000 $286,650 $300,983 $316,032 $331,833 $423,513 $423,513 $540,521 $689,857
Total Equity (Value - Loan Balance) $52,500 $66,150 $80,483 $95,532 $111,333 $203,013 $203,013 $320,021 $469,357
Less Investment ($24,500) ($24,500) ($24,500) ($24,500) ($24,500) ($24,500) ($24,500) ($24,500) ($24,500)
Increase in Equity $28,000 $41,650 $55,983 $71,032 $86,833 $178,513 $178,513 $295,521 $444,857
TOTAL EQUITY / WEALTH $52,500 $66,150 $80,483 $95,532 $111,333 $203,013 $203,013 $320,021 $469,357

Capitalization (Cap) Rate 5.8% 6.0% 7.1% 7.3% 7.5% 8.6% 8.6% 9.9% 11.3%
Internal Rate of Return (IRR) 1,032% 253% 141% 99% 78% 43% 43% 42% 42%
Annual Return on Investment 114% 26% 22% 19% 17% 11% 11% 9% 8%
Total Return on Investment 114% 170% 229% 290% 354% 729% 729% 1,206% 1,816%
CASH FLOW and EQUITY ACCUMULATION 10% Down Payment Model

INTERNAL RATE OF RETURN (IRR) TOTAL RETURN ON INVESTMENT (ROI)

(10 Year) (10 Year)
300% 800%
729%
253% 700%
250%
646%

600% 568%
200% 493%
500%
422%
150% 141% 400% 354%
290%
99% 300%
100% 229%
78%
65% 200% 170%
57% 51% 47% 43% 114%
50%
100%

0% 0%
YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10

CASH-FLOW (AFTER TAX) TOTAL EQUITY

(10 Year) (10 Year)
$12,000 $250,000

$10,000 $9,609 $203,013

$9,080 $9,186 $200,000
$8,565 $182,845
$8,063 $163,638
$8,000 $7,432
$7,107 $145,346
$6,791 $150,000
$127,925
$6,000
$5,289 $5,100 $111,333
$100,000
$95,532
$80,483
$4,000
$66,150
$52,500
$50,000
$2,000

$0 $0
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10

ASSUMPTIONS
This model is based on an INTEREST ONLY first loan.
Rent increase is 50% of the Appreciation.
Assessed Tax Value is based on 80% of the purchase price.
Assumes a 36% personal income tax rate bracket.
Loan rates vary based on many factors. Consult your lender.
Insurance rates vary widely. Consult your carrier.
Personal income tax rates vary. Consult your CPA.
v 3.4

DISCLAIMER: The information in this "Cash Flow and Equity Accumulation" worksheet is for estimation purposes only. All information should be independently verified. Consult a licensed tax advisor and/or attorney before making any
purchase or sale decision. All figures are projections unless otherwise indicated. No guarantee is made as to its accuracy or reflection of performance.
MARKET INFORMATION
ABOUT MISSOURI
As of 2007, Missouri has an estimated population of 5,842,713, which is an increase of 45,010,
or 0.8%, from the prior year and an increase of 246,030, or 4.4%, since 2000.

ABOUT KANSAS CITY

• According to Fortune Magazine (May 2006), Kansas City is a safe haven for real estate.
• $8.5 billion has been invested in the 18 counties of the Kansas City region.
• According to the Kansas City Area Development Council, the Kansas City Metro area
has over 2.3 million people.
• Rated as top 100 Best Communities for Young People in 2005 by the Alliance for Youth.
• Ranked 23rd smartest city based on bachelor’s degrees per capita, number of
universities, SAT scores, and Nobel Prize Winners.
• One of the lowest costs in health insurance in the nation.
• Home to Sprint, Hallmark Cards, H&R Block, American Century, DST Systems &
Cerner.
• GM, Ford and Harley Davidson have a major presence in Kansas City.
• Home to the NFL’s Kansas City Chiefs and MLB’s KC Royals.
• Kansas City encompasses 18 square miles – ranked #1 in the Nation for land size.
• Rated #1 in foreign trade zone space, greeting card publishing, frozen food storage,
winter wheat production, rail center by tonnage in US, freeways per capita.
• Has the largest underground warehouse in the world.

ABOUT JACKSON COUNTY

• As a thriving metropolis, Jackson County is anchoring the region as one of the fastest
growing business centers in Missouri.
• Jackson County's quality of life has spurred a residential boom that's fueling
unsurpassed retail growth.
• Low crime rates, affordable tax rates and short commute times help maintain a steady
growth of single and multi- family housing projects.
• Jackson County is home to more than 650,000 people. Covering more than 607 square
miles, Jackson County is one of 114 counties in Missouri and contains most of Kansas
City, Missouri and 17 other cities and towns. The county maintains one of the most
beautiful and comprehensive parks systems in the nation.

STRONG POTENTIAL FOR APPRECIATION

• Kansas City has been consistently appreciating at 6-10% and the market has not been
inundated with new homes. The median age of Kansas City, MO real estate is 43 years.

RENTAL TRENDS
• 40% of all residents in Kansas City RENT!
• New rental homes are needed because 75% of the homes currently being rented are 25
years or older.
• Last year the largest builder in Kansas City put 300 units on the market.
• Kansas City is projected to be the 8th strongest rental market over the next 5 years.

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CHANGES IN KANSAS CITY POPULATION
(2000-2030)

COUNTY 2000 2010 2020 2030 2000 to 2030

Jackson 654,857 669,782 690,999 709,502 54,645

Johnson 451,086 560,098 654,774 744,059 292,973

Clay 184,006 215,517 239,606 262,712 78,706

Wyandotte 157,901 163,660 164,826 165,146 7,245

Cass 82,092 102,837 120,795 137,665 55,573

Platte 73,781 91,039 104,054 115,224 41,443

Leavenworth 68,695 77,476 82,822 87,989 19,294

REGION 1,695,764 1,905,522 2,083,776 2,248,933 553,169

Source: Mid-America Regional Council

HOUSING UNITS NEEDED BY 2030

Total New
Housing Units Housing Units Growth Related
Units Lost Housing Units
2000 2030 Units
Needed by 2030

741,000 1,015,000 274,000 129,000 403,000

Source: Brookings Institution Metropolitan Policy Program

40.5% of all housing in Kansas City

in 2030 will have been built since 2000.

At the current rate of development, Greater Kansas City

will develop 396 square miles during the next 30 years.
Source: Landmarketing

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GREATER KANSAS CITY PROFILE
In Greater Kansas City, you'll find:

• One of the fastest growing major job markets in the Midwest.

• Lower business and lifestyle costs than most major metros.
• A well-educated, extremely productive workforce.
• The most geographically-central major metro in the country.

Kansas City's major corporate players with headquarters in the Kansas City area include:

AMC Entertainment Hallmark Cards

Aquila Hill's Pet Nutrition
Black & Veatch Interstate Bakeries
Burns & McDonnell JE Dunn
Capital Federal Financial Newport Television
Cerner Corporation Payless ShoeSource
Commerce Bancshares Perceptive Software
DeBruce Grain Seaboard Corporation
DST Systems Sprint Corporation
Fort Dodge Animal Health UMB Financial
Garmin Westar Energy
Great Plains Energy YRC Worldwide
H&R Block

Kansas City's combination of big-city business amenities and small-market ease of living have
made the metro a magnet for investment. Recent announcements to either locate significant
new operations or expand existing operations have been made by:

Alcoa-SIE Cargo Conversions Intervet

American International Group John Deere
Bayer Corporation Kimberly-Clark
Caremark Rx Liberty Mutual Group
Citi Cards Lowe's
DHL MasterCard International
Farmers Insurance MWI Veterinary Supply
Federal Express Pacific Sunwear
Federal Express Ground Prescription Solutions
Fidelity National Financial State Street
Fort Dodge Animal Health Synbiotics Corporation
General Motors T-Mobile USA
Harley-Davidson Target
IndyMac Bank U.S. Citizenship and Immigration Services
International Speedway Corp Wal-Mart

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COST OF LIVING
The Council for Community and Economic Research (C2ER) produces a cost of living index
which is unique in measuring inter-city differences in the cost of six major components of
consumer expenditures (grocery items, housing, utilities, transportation, health care, and
miscellaneous goods and services).

TRANSPORTATION
Kansas City is currently experiencing an unparalleled period of growth in transportation and
logistics-related investment. This is in large part being driven by a dramatic increase in products
shipped into the United States from Asia that has stretched our country’s busiest coastal ports
to capacity. As a result, Kansas City has emerged as an “inland port” that allows companies to
diversify its import flow and use alternate routes for these goods to reach its customer base
across the North American interior. KC’s central location and physical transportation
infrastructure allow it to provide excellent support to the growth of the global market.

DEMOGRAPHIC SNAPSHOT

Blue Springs Jackson County Kansas City MSA

Population, 2006 53,885 664,078 1,967,405

Population % Ch., 1996-2006 15.0% 2.0% 12.2%
Median Age, 2000 33.1 35.2 35.4
Land Area, 2000 (sq. mi.) 18.19 605 5,405
High School Grads, 2000 92.4% 81.0% 86.7%
College Grads, 2000 27.4% 25.8% 28.5%
Labor Force, 2006 27,885 341,488 1,037,335
Unemployment Rate, 2006 3.4% 5.6% 4.6%
Sources: U.S. Bureau of the Census; Bureau of Labor Statistics; Experian/Applied Geographic Solutions.

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KC RATINGS & RANKINGS FOR 2007
The KC area ranks among the Top 10 Best Metro Public Schools in the U.S.
Expansion Management, December 2007

Nelson-Atkin's Block building ranks No. 1 in architectural marvels in 2007.

Time Magazine, December 2007

The University of Kansas Hospital ranks No. 5 in the nation for quality, accountability.
University HealthSystem Consortium's 2007 Quality and Accountability Study, October 2007

The Greater Kansas City Community Foundation had the eighth-largest market value in the nation.
Columbus Foundation, October 2007

Lawrence is among the 10 “Best Places to Retire.”

U.S. News and World Report, October 2007

Overland Park, Kan. is a top city for adventure.

Adventure, September 2007

Kansas City is above the national average for per capita income.
MERIC, August 17, 2007

Kansas City is No. 5 metro for business opportunity.

Expansion Management, August 2007

The Country Club Plaza is the best shopping center that is also a real neighborhood.
Project for Public Spaces, August 2007

Liberty, Mo., and Lansing, Kan., are on Money Magazine’s list of “100 Best Places to Live.”
Money Magazine, August 2007

Kansas City is the “Top Major Market” for business development.

Southern Business & Development, July 2007

Liberty, Mo., and Lansing, Kan., are listed on Money Magazine’s Top 100 Communities with
populations between 7,500 and 50,000.
Money Magazine, July 2007

Kansas City is No. 7 for its percentage of volunteers.

Corporation for National and Community Service, July 2007

Kansas City has two of the five most productive automotive assembly plants in North America.
Harbour Report, June 2007

Johnson County, Kan., is the No. 2 mid-size county for recruitment and attraction.
Expansion Management, May/June 2007

St. Joseph, Mo., is the No. 1 small metro for recruitment and attraction.
Expansion Management, May/June 2007

Kansas City is the No. 9 metro for quality of life.

Expansion Management, May/June 2007

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KC RATINGS & RANKINGS FOR 2007 (cont.)
Kansas City is No. 12 for city for business attraction. Missouri is No. 13 state for business
attraction.
Expansion Management, May/June 2007

Kansas City is No. 3 in the number of festivals, fairs and cultural gatherings per capita.
Urban Institute, National Center for Charitable Statistics, May 2007

Kansas City International Airport (KCI) ranks as No. 1 mid-sized airport.

J.D. Power & Associates, May 2007

Kansas City ranks No. 3 for relocating families.

Worldwide ERC & Primary Relocation, May 2007

Kansas City is a top 100 best place for business and careers.
Forbes, April 2007

Parkville, Mo., is one of the “50 Best Places to Live” – the only Midwest community selected.
Men’s Journal, April 2007

Kansas City is No. 4 on the “Top 10 list of Underrated U.S. Cities.”

MSNBC, April 2007

Kansas City is the 5th best value-priced vacation destination in the U.S.
Hotwire.com, February 2007

Kansas City, Mo., is the No.1 Most Underrated City in the U.S. with unexpected appeal.
Los Angeles Times, February 2007

The National Golf Club in Parkville, Mo., ranks in the top 100 golf communities to live.
Travel & Leisure Golf, January/February, 2007

Both Missouri and Kansas received four of five stars in the 2007 “Healthcare Cost Quotient.”
Expansion Management, January/February 2007

Kansas City ranks No. 7 for large metropolitan areas with low rents.
BusinessWeek, January 2007

Kansas City ranks No. 3 on the “Ten Cities to Watch” for contemporary design.
Urban Land Institute, January 2007

(800) 611-3060
FLOOR PLANS
Two Bedroom Townhomes

• Large Master suite with Private Bath

• Large Guest Bath
• Convenient Second Floor Utility Area
• First Floor Powder Room
• Dining Room & Bedroom Ceiling Fans
• Full equipped Kitchen
• Refrigerator, Microwave, Dishwasher and Electric Range
• Window Treatments on all Windows
• Vertical Blinds on Patio doors
• Cable TV and Phone jacks
• Storage area in Garage
• Energy efficient Heat Pump
• Garage Door opener
• Maintenance free Vinyl siding and maintenance free brick exterior
• Spacious Kitchens featuring Granite Countertops
• Upgrade Frieze Carpeting
• Travertine Tile Fireplace Surrounds
• Premium 4” Trim Molding Casement

(800) 611-3060
FLOOR PLANS
Three Bedroom Townhomes

• Large Master suite with Private Bath

• Spacious 2nd and 3rd Bedrooms
• Convenient Second Floor Utility Area
• First Floor Powder Room
• Dining Room & Bedroom Ceiling Fans
• Full equipped Kitchen
• Refrigerator, Microwave, Dishwasher and Electric Range
• Window Treatments on all Windows
• Vertical Blinds on Patio doors
• Cable TV and Phone jacks
• Storage area in Garage
• Energy efficient Heat Pump
• Garage Door opener
• Maintenance free Vinyl siding and maintenance free brick exterior
• Spacious Kitchens featuring Granite Countertops
• Upgrade Frieze Carpeting
• Travertine Tile Fireplace Surrounds
• Premium 4” Trim Molding Casement

(800) 611-3060
HOME FEATURES
EXCAVATION AND SITE WORK PLUMBING
Excavate to a depth conforming to blueprints and considering plot plan, final House drain 4” PVC
grade and elevations. Builder will make every effort possible to maintain House sewer 4” ABS
and save existing trees but is not responsible for damaged or removal or Water service ¾” Copper
trees. Home elevation is to be set to optimize drainage in relationship to all Water lines are all pex tubing Other as per code
lots. Public sewer
Standard fixtures are single lever, chrome, MOEN or equiv.
FOOTINGS AND FOUNDATION SINK: Stainless Steel
All concrete mix at 3000 PSI or better. WATER HEATER: 40 gallon
Footings: 8” x 16” reinforcement shall consist of two ½” #4 continuous rods. Icemaker line
Foundation walls: 8” thick and 4’ off top of footing. Hose bibs are standard in each garage –
Badger 1 or better disposal standard
FLATWORK
Flatwork shall be 4” thick with rebar reinforcement spaced no further than 2’ WINDOWS
apart on driveways, patios and stoops. CEILINGS: acoustical spray
A gravel bed of 4” thickness shall underlay concrete. Vinyl – Single hung
Concrete strength shall be 4,000 PSI Grills all around
½ round windows at 3 bdrm
WATERPROOFING Screens to be provided for all operable windows
N/A- Slab on Grade
DRYWALL
EXTERIOR FINISH ½” sheetrock on walls, joints taped, mudded and sanded
Brick ½” sheetrock on ceilings, joints taped, mudded and sanded
Garage fronts under soffits Fire rock per code.
Vinyl Siding – Assorted Colors CEILINGS: acoustical spray
Shake Shingle Type on Front Gables WALLS: knockdown texture
Horizontal at front walkways WINDOWS: sheetrock return
Vertical for main bodies
CABINETS
CARPENTRY Raised panel
All labor to be performed in a skillful manner. Any materials specified by Prefinished Ginger Maple look
trade name are to be installed strictly in accordance with manufacturer’s Countertops are post form with a waterfall edge.
specifications.
SUBFLOOR: ¾ T & G plywood glued to floor joists and secured with nails. TRIM MATERIAL
FLOOR FRAMING: #2 DF 2X10 @ 16” O.C. Doors: Pre finished Flat Panel
1st and 2nd Floor: 8-foot ceilings Handrail: Stained Loaf Rail
Vaults in front Bdrm of 3 Bdrm units and back Bdrm of 2 Bdrm units. Spindles: Metal
All Wall Framing: 2X4 Studs @ 16” O.C. Fireplace: Columns & Mantle head
CEILING and ROOF FRAMING: #2 or better DF or SPF 2x6 and 2X8 16” Windows: Pre finished Wood sills
O.C. as per code
Purling as required by code INTERIOR PAINTING
Stain location: Handrails
ROOFING Lacquer finish: Satin
7/16 wafer board sheathing. 40 yr. Architectural shingles (Weathered Wood Enamel location: Skirt Boards, mantles, front door, and sidelights
or similar color) over 15# felt paper. Enamel finish: semi-gloss
Wall paint: Flat
GUTTERS AND DOWNSPOUTS
Aluminum gutters: 5” (.032 gauge) CERAMIC TILE
Aluminum downspouts: 3” (.032 gauge) Fireplace: 12” Travertine
Splash blocks at each downspout
FIREPLACE
EXTERIOR DOORS Living Room: Forced Air Electric with glass doors
Garage doors: 9X7 Steel, raised panel, hard-back, insulated, no glass with
Liftmaster openers. FLOOR COVERING
Front Door: 3’ steel insulated with oak adjustable threshold with 1 side light. Carpet location: bedrooms, hallways, living rooms
Storm Door: 3’0 cobra white Vinyl location: all bathrooms, kitchen, entry
Back Door: 5’0 Sliding glass with screen
KITCHEN APPLIANCES
INSULATION RANGE: GE Self-cleaning, electric
Flat ceilings – R-30 blown Micro: GE space-saver microwave,
Vaulted ceilings – R19 batt Refrigerator and Dishwasher: GE
Exterior walls – R-13 batt
Cold walls – R-11 batt MIRRORS
Above garage ceilings – R-19 batt All plate glass above vanities
Garage walls – R-13 Mirrored Sliders for applicable bedroom closets
All bath enclosures Chrome with Obscure glass
HEATING & COOLING
Exterior outlets & location: 2 per unit near front and rear doors HARDWARE
Air Handler Brand: Bryant Front Exterior doors to have deadbolts provided.
Heat Pump Brand: Goodman Interior doors are to have Privacy locks at all bathrooms and bedrooms and
Bath fans per code. 1 dryer vent/unit. Passage at all other.
Standard thermostat provided. All hardware including kitchen and vanity hardware to be Brushed Chrome
or equivalent
ELECTRICAL
Exterior outlets & location: 2 per unit near front and rear doors LANDSCAPE
Shadow Box Privacy Fence divide units at party walls Sod to be installed on entire lot.
Smoke detectors per code Trees and shrubs installed per plan. Species may vary.
Chime at front door only Sprinklers controlled by master valve funded by HOA
1 garage outlet provided on GFI circuit Lawn Care Provided
Complete system will comply with state/ local codes
DECK or PATIO
EXTERIOR PAINTING 12 x 12 Concrete Patio at each rear door
Front Door and Sidelight

NOTE: All materials & specs are subject to change from plan review, applicable code changes, material availability, etc. Every effort will be made to exchange for equal or comparable material.

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PHOTOS

4-Plex Townhouse Buildings (Sold as two duplexes)

2 - 3 Bedroom Townhomes 1,450 square-feet each

2 - 2 Bedroom Townhomes 1,360 square-feet each

All units feature an attached single-car garage with automatic opener.

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PHOTOS

Spacious kitchens with granite countertops, and GE appliances.

12” Travertine tile around fireplace.

(800) 611-3060
SITE MAP

The Orchards at Chapman Farms

(26 4-Plex Townhomes – sold as two Duplexes)

(800) 611-3060
MASTER PLAN

(800) 611-3060
LOCATION MAPS

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NEWS ARTICLES
Forecast: Kansas City Area Economy's 2007 Growth Will
Continue
Wednesday, December 12, 2007
by Kansas City Business Journal

KANSAS CITY, MO. – The Kansas City area's gross regional product -- the value of all goods and
services produced in the area -- grew an estimated 2.4 percent in 2007 compared with 2006. This kept
pace with the nation's gross domestic product growth rate, according to the Greater Kansas City
Economic Forecast for 2007.

The forecast in March that area GRP would slow to 1.9 percent in 2007.

The Kansas City area saw an estimated 18,600 additional jobs in 2007, up 1.4 percent from 2006 and a
bigger improvement from the chamber's March forecast of 14,200 additional jobs.

The area's GRP is expected to grow 2.4 percent in 2008 -- matching the expected growth rate for the
national economy, according to the latest forecast from the Research Seminar in Quantitative Economics
-- and 3.4 percent in 2009, compared with an expected 3.6 percent rate for the nation, the forecast said.

If the U.S. economy grows in 2009 as predicted by RSQE, the Kansas City area's employment should
grow by 34,400 jobs, or 2.6 percent, in 2009 from 2008, "a level of annual growth not seen since the
boom times of the 1990s," the forecast said.

The Greater Kansas City Chamber of Commerce released the forecast at a breakfast meeting
Wednesday at the Hyatt Regency Crown Center hotel. About 250 people attended.

Frank Lenk, director of research services at the Mid-America Regional Council, wrote the forecast and
presented it at the meeting.

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ADDITIONAL INFORMATION
WEBSITES

www.bluespringsedc.com - Blue Springs Economic Development Corporation

www.smartkc.com - Kansas City Area Development Council
www.kchba.org - Home Builders Association of Greater Kansas City

APPRAISAL

Available upon request.

GOOD FAITH ESTIMATE

Available upon request.

(800) 611-3060
HOW CAN I INVEST?

Call or email us to request your Purchase Pack.

(800) 611-3060

Deals@NoradaRealEstate.com

Timing is everything with all investment opportunities. The same is true here. We feel this is
a great investment opportunity for those that get involved at this stage. To gain maximum
benefit from this investment opportunity we encourage those interested to lock in today.

DISCLAIMER NOTICE
The materials and information contained in this document are provided on an “AS IS” basis and “AS
AVAILABLE” basis, without representations or warranties of any kind. Norada Real Estate expressly
disclaims any and all such representations and warranties, either expressed or implied, including without
limitation warranties of title, non-infringement, or implied warranties of merchantability or fitness for a
particular purpose. Norada Real Estate does not warrant the accuracy or completeness of the
information, text, graphics, links or other items contained within these materials. Norada Real Estate may
make changes to this material at any time without notice. While Norada Real Estate strives to keep the
information in these materials accurate and current, Norada Real Estate cannot guarantee the accuracy,
completeness or timeliness of the information. Information within these materials may contain technical
inaccuracies or typographical errors. Norada Real Estate reserves the right to make changes, corrections
and/or improvements to the information contained within these materials at any time, without notice. This
is not an offering for securities.

We are in a market with rapidly changing interest rates. A steady rise in interest rates could alter your
cash flow. As with any large purchase, it is highly recommended that you perform your own due
diligence. There are no guarantees made and your returns could be higher, lower, or you could lose
money. The length of time to build your property can vary depending on weather, city inspections, etc.

The California Department of Real Estate has not inspected, examined, or qualified this offering.

(800) 611-3060