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current TENANCY: Sq Ft Rent annual rent (6 mon) studio 40 550 22,000 11000 1 bedroom 80 600 48,000 24000 2 bedroom 80 800 64,000 32000 200 134,000 67000 Current tenancy # $ rent total est of unit studio 10 500 $5,000 30 1 bedroom 20 580 $11,600 60 2 bedroom 10 805 $8,050 70 month $24,650 160 annual $295,800 INCOME $200,000 rented apts EXPENSES per unit 184 Op. expenses $400 $73,600 heating, cooling $100 $18,400 recurring $100,000 non-recurring $250,000 apt. locator fee $10,000 $452,000.00 TV, parking, deposit fees, late fees

Real estate development

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prep sheetcurrent rent increaseTENANCY:Sq FtRentannualrent (6 mon)$20studio4055022,000110005701 bedroom8060048,000240006202 bedroom8080064,00032000820200134,00067000

Current tenancy#$ renttotalrest of unitstotalvacanttotalstudio10500$5,00030$16,500422001 bedroom20580$11,60060$36,000636002 bedroom10805$8,05070$56,00064800month$24,650160$108,5001610600annual$295,800$1,302,000$127,200

INCOMElaundry, cable TV, parking, deposit fees,late fees$200,000rented aptsEXPENSESper unit184Op. expenses$400$73,600heating, cooling$100$18,400recurring$100,000non-recurring$250,000apt. locator fee$10,000$452,000.00

UW.LENDERRENTAL INCOME Special rate$295,800Current rate$1,302,000

Vacancy$127,200

EFFECT GROSS INC$1,470,600EXPENSES TOTAL$452,000

NOI$1,018,600