Triple BOV

Cash Flow Analysis
Cash Flow Analysis
Stabilized
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Rental Income $2,651,680 $2,731,230 $2,984,100 $3,073,623 $3,165,831
Vacancy -$132,584 -$136,562 -$149,205 -$153,681 -$158,292
Credit and Collection Loss -$13,258 -$13,258 -$13,258 -$13,258 -$13,258
Concessions -$2,652 -$2,652 -$2,652 -$2,652 -$2,652
Models and Employee Units -$10,607 -$10,607 -$10,607 -$10,607 -$10,607
Loss-to-Lease $0 $0 $0 $0 $0
Total Economic Loss -$159,101 -$163,078 -$175,722 -$180,198 -$184,808
Effective Rental Income $2,492,579 $2,568,152 $2,808,378 $2,893,425 $2,981,023
Other Income Items
RUBS $122,880 $126,566 $130,363 $134,274 $138,303
Other Income $96,000 $98,880 $101,846 $104,902 $108,049
Total Other Income $218,880 $225,446 $232,210 $239,176 $246,351
Effective Operating Income $2,711,459 $2,793,598 $3,040,588 $3,132,601 $3,227,374
Operating Expenses $0 $0 $0 $0 $0
Advertising $44,800 $46,144 $47,528 $48,954 $50,423
General and Administrative $87,040 $89,651 $92,341 $95,111 $97,964
Payroll $307,200 $316,416 $325,908 $335,686 $345,756
Repairs and Maintenance $192,000 $197,760 $203,693 $209,804 $216,098
Utilities $200,960 $206,989 $213,198 $219,594 $226,182
Property Insurance $106,240 $109,427 $112,710 $116,091 $119,574
Management Fees $81,344 $83,808 $91,218 $93,978 $96,821
Deerfield
Real Estate Taxes $344,934 $355,282 $365,940 $376,919 $388,226
Operating Expenses Before Reserves $1,364,518 $1,405,477 $1,452,537 $1,496,137 $1,541,045
Reserves $64,000 $64,000 $64,000 $64,000 $64,000
Total Expenses $1,428,518 $1,469,477 $1,516,537 $1,560,137 $1,605,045
Net Operating Income $1,282,942 $1,324,121 $1,524,051 $1,572,464 $1,622,329
COLLIERS INTERNATIONAL P. 12