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Pape 1 West Grove 2011 Cash Pro�eaion xls <br /> 2020 West Grove <br /> REVENUES EXPLANATION <br /> RENT REVENUES <br /> 71,040 <br /> Rental Revenue <br /> Rental Vacancies 7,104 Calculated 10%potential vacancy rete <br /> Net Rent Revenues 63,936 <br /> TOTAL PRO)ECTED ANNUAL REVENUES ;63,936 <br /> OPERATING EXPENSES <br /> ADMINISTRATIVE EXPENSES <br /> 5,000 Office Staff time, health insurance <br /> Administratrve Expenses <br /> Accounting Fees 2,000 Includes Monthly fee accountant and annual audit costs <br /> Credit Reports 150 #35/report. <br /> Office Supplies 200 <br /> Total Administrative Expenses 7,350 <br /> UTILITIES <br /> Electric 200 Estimate for Vacant Units Utilities <br /> Gas 400 Estimate for Vacant Units Utilities <br /> Sewer&Water 200 Estimate for Vacant Units Utilities <br /> Refuse Removal 425 <br /> ToWI Utilities 1,225 <br /> MAINTENANCE�REPAIRS <br /> Maintenance Labor 4,000 PLHRA Maintenance Personnei cost(repairs, lawn care,snow removal) <br /> Maintenance Supplies 2,000 Self Explanatory <br /> Contracts 2,000 Exterminating,Fertilizer,and Weed Control(in contracts) <br /> 6enerel Repairs 1,500 As needed outside contractor labor repairs. <br /> Total Repairs�Maintenance 9,500 <br /> TAXES�INSURANCE <br /> Real Estate Taxes(PILOT) 3,500 Estimate for 2019 <br /> Property Insurance 4,000 Estimate for 2019 <br /> ToWt Taxes�Insurance 7,500 <br /> T�TAL OPERATING EXPENSES BEFORE DEBT ;25,575 <br /> TOTAL PROJECTED REVENUES 63,936 <br /> TOTAL EXPENSES 6EFORE DEBT (25,575) <br /> NET OPERATING INCOME 38,361 <br /> REPLACEMENT RESERVE-DEPOSITS - <br /> ANNUAL DEBT SERVICE <br /> _ Mortgage Prinopal y50,000 <br /> Mortgage Interest Sz7,095 P&I payable in Feb 2019 and Aug 2019 <br /> Annual Mortgage (;77,095) <br /> -0.502419093 <br /> ESTIMATED CASH FLOW TO BE FUNDED BY CITY OF PEQUOT LAKES SPECIAL LEVY <br /> (;3E,734) <br />