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Proforma Operating Statement 2022<br />
2022<br />
Operating Income & Expense<br />
Income<br />
Current Rent with 25% Increase $ 573,327.28<br />
Early Termination Charge $<br />
2,000.00<br />
Laundry Income $<br />
2,199.79<br />
Late Fee $<br />
1,179.00<br />
NSF Fees $<br />
105.00<br />
Application Fees $<br />
1,125.00<br />
Total Operating Income $ 579,936.07<br />
Expense<br />
Cleaning/Maintenance $ 23,308.63<br />
Prof Fees - Legal & Acctng $<br />
4,645.50<br />
Insurance $<br />
5,235.85<br />
Property Tax $ 29,358.52<br />
Utilities $ 11,025.60<br />
Utilities - WATER $ 16,313.46<br />
Appliances $<br />
1,120.36<br />
Property Management (Market) $ 28,666.36<br />
Total Expense $ 119,674.28<br />
Proforma Net Income $ 460,261.79<br />
Sales Price: $ 8,950,000.00<br />
Cap Rate: 5.14%
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