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Brandon Villas of Tampa

Schedule H: Operations

Annual from opening

  Total 1 2 3 4 5 6 7 8 9 10
Gross Income                      
1 403 16158 8079 8079                
1 406 21945 3135 6270 6270 6270            
Rental Income (40) 1 411 11,691,533 487500 975000 1,033,500 1,095,510 1,161,241 1,230,915 1,304,770 1,383,056 1,466,040 1,554,002
Other Income (41) 1 412 342364 14276 28551 30264 32080 34005 36045 38208 40500 42930 45506
Income Variance 1 461 221941 -4345 19692 20874 22126 23453 24861 26352 27933 29609 31386
Subtotal: Gross Income 12,293,941 508645 1,037,592 1,090,908 1,155,986 1,218,698 1,291,821 1,369,330 1,451,489 1,538,579 1,630,894
                       
Vacancy                      
Vacancy 2 480 -584911 -24389 -48778 -51705 -54807 -58095 -61581 -65276 -69192 -73344 -77745
                       
Expenses                      
General & Administrative 3 512 -630331 -26704 -54743 -57480 -60354 -63372 -66540 -69867 -73361 -77029 -80880
Common Area Utilities 3 513 -310796 -13167 -26992 -28342 -29759 -31247 -32809 -34449 -36172 -37980 -39879
Taxes & Insurance 3 514 -1605092 -68000 -139399 -146369 -153687 -161372 -169440 -177912 -186808 -196148 -205956
Other Expense 3 519 -911374 -38610 -79151 -83109 -87264 -91627 -96209 -101019 -106070 -111373 -116942
Management Fee 3 551 1 -585048 -23809 -49441 -51960 -55059 -58030 -61512 -65203 -69115 -73262 -77657
Supervisory Mgmt Fee 3 553 1 -50312 -4000 -4200 -4410 -4630 -4862 -5105 -5360 -5628 -5910 -6205
Supervisory Mgmt Fee 3 553 -58643               -1660 -19177 -37806
Expense Variance 3 561 -1473   404 -1   -314 -314 -313 -312 -311 -312
Subtotal: Expenses -4153068 -174290 -353522 -371670 -390754 -410824 -431929 -454124 -479126 -521191 -565638
                       
Int.Inc.from Oper.Reserve                      
Int.Inc.from Oper.Res. 7 581 37620         6270 6270 6270 6270 6270 6270
                       
Funded Expenses                      
Legal/Organizational/Audit 8 148.3 -15000 -1500 -3000 -3000 -3000 -3000 -1500        
Tax Counsel 8 148.72 -5000 -5000                  
Credit Enh.(Gtd.Inv.Cntrct) 8 158.14 -25000 -4166 -8333 -8333 -4168            
Inv. Note Financing Fee 8 158.15 -35700 -6693 -13388 -13387 -2232            
Partnership Managmt Fee (exp) 8 166.2 -75000 -18750 -37500 -18750              
Funded Expenses 8 169 155700 36109 62221 43470 9400 3000 1500        
Subtotal: Funded Expenses                      
                       
Total 7,593,582 309966 635292 667533 710425 756049 804581 856199 909441 950314 993781


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