Pennsylvania Street Apartments Annual Property Operating Data

Gross Scheduled Revenues $120,000-
Less vacancy and credit loss at 3 %        3,600-
Net Revenues $116,400-

Expenses:

Advertising$ 1,500-
Gas and Electric$13,700-
Insurance$   7,300-
Taxes$   6,800-
Management$   4,450-
Maintenance$12,000-
Water Swr & Garb$   7,650-
Misc.$      500-

Total Operating Expenses$53,900-
Net Operating Income$62,500-

Cash Flow Analysis

Owner Financing Option

$125k- down, 7 % interest
30 year amortization, 5 year balloon

Bank Financing Option

$200k- down, 5% interest
20 year amortization, 5 year renegotiation

NOI:                  $62,500- $62,500-
P & I                  $53,180- $46,925-

Cash Flow        $9,320- $15,575-


Note: Figures included in this sheet are based upon historical numbers and certain assumptions. Buyers should verify any figure of particular importance.