103 NE 59th St 103 NE 59th St OM - Final | Page 20

FINANCIAL OVERVIEW
FY1 Assumptions/Inputs
FY1 Assumptions/Inputs
Current Market Rent
Proj Market Rent Increase
Annual Per Unit/%
$214,200 $1,050
0 0.0%
214,200 1,050
Gain/Loss-To-Lease -2,142 1.0%
Gross Potential Rent 212,058 Vacancy Loss -10,603 5.0%
-2,121 1.0%
Projected Market Rent
Net Bad Debt Expense
Effective Rental Income
Economic Occupancy
Effective Rent Per Sf(Excl Vacancy)
Effective Gross Income
199,335
94%
2.42
199,335 11,726
4,000 $235
Expenses
Repairs & Maintenance
Landscaping / Contract Services
Utilities
Licenses And Fees
Controllable Expenses
Insurance
125 $7
5,770 $339
883 $52
10,778 634
5,233 $308
Real Estate Taxes 42,097
Management Fees 5,980
53,310 3,136
Total Operating Expenses 64,088 3,770
2,550 150.00
66,638 3,920
Total Expenses
Net Operating Income
103 NE 59TH STREET | OFFERING MEMORANDUM
$8,032
$0
0.02112
10
90.00%
2.12%
$0
4.00%
$2,070,000
$42,097
$0
$42,097
3.0%
Fixed Expenses
Capital Reserves
Real Estate Tax Calculation
Actual 2017 Real Estate Taxes
Assessed Value
Millage Rate
Reassessment Year
Assessment Factor
Projected Millage Rate
Projected Non Ad Valorem Taxes
Early Payment Discount
Assessed Value
Ad Valorem Tax
Non-Advalorem
Net Real Estate Tax
$132,696
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