Operating Proforma
Income & Expenses
Harbor Twelve — current in-place rents compared to market rents.
| Line Item | Current | Market |
|---|---|---|
| Income | ||
| Scheduled Rental Income | $299,760 | $333,120 |
| Laundry Income | $1,800 | $1,800 |
| Parking Income | $0 | $1,200 |
| Scheduled Gross Income | $301,560 | $336,120 |
| Less Vacancy (4.0%) | ($12,062) | ($13,445) |
| Gross Operating Income | $289,498 | $322,675 |
| Expenses | ||
| Property Taxes | $40,760 | $40,760 |
| Management Fee | $14,475 | $16,134 |
| Insurance | $8,400 | $8,400 |
| Utilities | $14,100 | $14,100 |
| Landscape | $600 | $600 |
| Pest Control | $600 | $600 |
| Licenses & Fees | $540 | $540 |
| Repairs & Maintenance | $6,600 | $6,600 |
| Replacement Reserves | $2,400 | $2,400 |
| Total Expenses | $88,475 | $90,134 |
| Expenses per Unit | $7,373 | $7,511 |
| Expenses per SF | $9.41 | $9.59 |
| Expenses as % of GOI | 30.6% | 27.9% |
| Net Operating Income | $201,023 | $232,542 |