Triple BOV

Cash Flow Analysis
Cash Flow Analysis
Stabilized
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Rental Income $2,385,600 $2,457,168 $2,622,545 $2,701,221 $2,782,258
Vacancy -$119,280 -$122,858 -$131,127 -$135,061 -$139,113
Credit and Collection Loss -$23,856 -$23,856 -$119,280 -$119,280 -$119,280
Concessions -$23,856 -$23,856 $0 $0 $0
Models and Employee Units -$19,085 -$19,085 -$19,085 -$19,085 -$19,085
Loss-to-Lease $0 $0 $0 $0 $0
Total Economic Loss -$186,077 -$189,655 -$269,492 -$273,426 -$277,478
Effective Rental Income $2,199,523 $2,267,513 $2,353,053 $2,427,795 $2,504,780
Other Income Items
Hunters Way
RUBS $142,000 $146,260 $150,648 $155,167 $159,822
Other Income $90,000 $92,700 $95,481 $98,345 $101,296
Total Other Income $232,000 $238,960 $246,129 $253,513 $261,118
Effective Operating Income $2,431,523 $2,506,473 $2,599,182 $2,681,308 $2,765,898
Operating Expenses $0 $0 $0 $0 $0
Advertising $50,000 $51,500 $53,045 $54,636 $56,275
General and Administrative $50,000 $51,500 $53,045 $54,636 $56,275
Payroll $240,000 $247,200 $254,616 $262,254 $270,122
Repairs and Maintenance $150,000 $154,500 $159,135 $163,909 $168,826
Utilities $203,000 $209,090 $215,363 $221,824 $228,478
Property Insurance $95,000 $97,850 $100,786 $103,809 $106,923
Management Fees $72,946 $75,194 $77,975 $80,439 $82,977
Real Estate Taxes $332,357 $342,328 $352,598 $363,176 $374,071
Operating Expenses Before Reserves $1,193,303 $1,229,162 $1,266,562 $1,304,684 $1,343,949
Reserves $50,000 $50,000 $50,000 $50,000 $50,000
Total Expenses $1,243,303 $1,279,162 $1,316,562 $1,354,684 $1,393,949
Net Operating Income $1,188,220 $1,227,311 $1,282,619 $1,326,624 $1,371,949
COLLIERS INTERNATIONAL P. 30