348-Turnpike-Street-Canton-OM

FINANCIAL ANALYSIS

Year 1 Oct-19

Year 2 Oct-20

Year 3 Oct-21

CASH FLOW LINE ITEM

Year Ending

INCOME: Base Rental Income

$271,621

$274,810

$307,829

Less: Absorption & Turnover Vacancy TOTAL RENTAL INCOME Expense Reimbursement Revenue Potential Gross Income Less: Vacancy Allowance EFFECTIVE GROSS INCOME

($40,283)

($6,088)

($21,218)

$231,338

$268,722

$286,611

$45,572

$57,359

$59,717

$276,910 ($9,512) $267,398

$326,081 ($13,866) $312,215

$346,328 ($12,271) $334,057

EXPENSES:

PSF

Snow Removal Real Estate Taxes Water & Sewer

$0.08 $1.09 $0.05 $0.22 $0.10

$3,000 $42,669 $1,955 $8,600 $3,910

$3,090 $43,949 $2,014 $8,858 $4,027

$3,183 $45,268 $2,074 $9,124 $4,148

Insurance

Electric

TOTAL OPERATING EXPENSES

$1.54

$60,134

$61,938

$63,797

NET OPERATING INCOME

$207,264

$250,277

$270,260

NOI PSF

$5.30

$6.40

$6.91