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2022 West Grove Cash Flow Projection <br /> Revenues Account#161346000,Section 4.15 <br /> Rent Revenue <br /> Rental Revenue 72,960 Gross rent potential <br /> Rental Vacancies 7,296 Calculated 10%potential vacancy rate <br /> Net Rent Revenue 65,664 <br /> Total Projected Annual Revenue 65,664 <br /> Operating Expenses <br /> Administrative Expenses <br /> Administrative Expenses 7,500 Office staff time,health insurance <br /> Accounting Fees 2,500 Monthly fee accountant and audit costs <br /> Credit Reports 150 $35/report <br /> Office Supplies 200 <br /> Total Administrative Expenses 10,350 <br /> Utilities <br /> Electric 200 Estimate for vacant units utilities <br /> Gas 400 Estimate for vacant units utilities <br /> Sewer&Water 250 Estimate for vacant units utilities <br /> Refuse Removal 1,200 <br /> Total Utilities 2,050 <br /> Maintenance&Repairs <br /> Maintenance Labor 4,000 Maint staff time(repairs,lawn care,snow removal) <br /> Maintenance Supplies 2,000 <br /> Contracts 2,500 Exterminating,Fertilizer,weed controll(in contracts) <br /> General Repairs 1,000 As needed outside contractor labor repairs <br /> Total Repairs&Maintenance 9,500 <br /> Taxes&Insurance <br /> Real Estate Taxes(PILOT) 3,500 Estimate for 2022 <br /> Property Insurance 4,000 Estimate for 2022 <br /> Total Taxes&Insurance 7,500 <br /> Total Operating Expenses Before Debt 29,400 <br /> Net Operating Income 36,264 <br /> Annual Debt Service 55,000 Principal payable FY 2022 <br /> 24,720 Interest payable FY 2022 <br /> Total Debt Service 79,720 <br /> x 105% 83,706 <br /> Net Income After Debt Service Payments (47,442) <br /> Levy Revenue 47,442 Levy needed to remain in compliance(105%of P&I) <br /> Net Income Including Necessary Levy 0 <br />