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P�p�1 Wesl Grw�ZO71 GsA ProHctlon.zls <br /> 2020 West Grove <br /> REVENUES DLPLANATION <br /> RENT REVENUES <br /> 71,040 <br /> Rental Revenue <br /> Rental Vacandes 7,104 Calculated 1016 potentiai vacanty rau <br /> NetRentRevenues 6l,936 <br /> TOTAL PR07ECTED�NNUAL REVENUES �63.936 <br /> d�ERATII�,[„ 7�C _ENSES <br /> �DMINISTRATIVE EXPENSlS <br /> 5,000 Office Staff time,health insurence <br /> Administ2tive Expenses <br /> Accountinq Fees 2,000 Includes Monthly fee accounta�t and annual audit costs <br /> Credit Reports 150 $35/report. <br /> Office Supplies 20D <br /> Total Adminictrative Eupensas 7,350 <br /> urri meg <br /> ElecMc 20D Estlmate for Vacant Units Utilities <br /> Gas 400 Estimate for Vacant Units Utllities <br /> Sewer&Water 200 Est�mate for Vacant Units Utllities <br /> Refuse Removal 425 <br /> Total UqlKlea 1,225 <br /> MAINTENANCE�REPAIRS <br /> Maintenance La6or 4,000 PLHftA Maintenance Personnel cost(rcpalrs,lawn care,snow removal) <br /> Maincenance Supplies 2,000 Self ExplanaWry <br /> Contracts 2,000 Exterminating,Fertifizer,and Weed Control(in contracts) <br /> Generel Repairs 1,500 As needed out5ide contradar labor repairs. <br /> Toql Repairs a Maintenanx 9,500 <br /> TAXES�INSl1RANCE <br /> Real Estate Taxes(P1LOn 3,500 Es[Imate for 2019 <br /> Property Insurence 4,000 Estimate for 2019 <br /> Total Tax�a�Insurance 7,540 <br /> TOTAL OPERATING EXPENSE,�,¢EFORE DE6T #25,575 <br /> TOTAL PROJECTED REVENUES 63,936 <br /> TOTAL EX�ENSES 6EFpRE DEdT �25�5751 <br /> NET OPERATING INCOME 38,361 <br /> �tERLACfMENT RESERVE-DEPOfiIT� - <br /> ANNUA�DEST SERVICE <br /> _ Mortgage Princfpal ;50,000 <br /> Mortgage Interest SZ�,095 P&I payable in Feb 2019 and Auq 2019 <br /> Annual Mortyape (S77,095) <br /> -0.502419093 <br /> ESTIMATED CASH FLOW TO BE FUNDED BY CITY OF PEQUOT LAKES SPECIAL LEVY <br /> (536,734) <br />