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SECTION 6. PROJECT OPERATING PROFORIYA (continued) <br /> OPC Foundation& MMINC • CLIMB NOVA AM.Canbom,NC Revised 4.3.02 <br /> E. PROJECT CASH FLOW _ <br /> The Agency will use a set of standard assumptions in analyzing pr0lect cash flow to determine financial feasibility <br /> of the Project. These should be used in completing Years 2-5 of the Project Cash Flow <br /> The applicant most submit in vanitg Imagination for modifying any of the falbwng assumptions: <br /> • vocanry,allowance of7W5% if devebpment has project based rental an[sta USE 5% M3.00% <br /> • annual rent increase of 3% USE 3.00%NOTE: Services Provided by Orange-Person-Chatham Area M.H Ann,annual op exp increase of 4% USE 4%• debt coverage rata=1.15 <br /> • annual many ling cost. hetween$1,8UO ard$2.400 per wit priatk 1ng resonant, Was And WrV(Le5)• paramunt mi mry=$250 Per Unit Pei Year= <br /> (a) (b) (c) (d) (e) (f) <br /> Cash How Item Year 1 Year 2 Year 3 Year 4 Year 5 <br /> 42 Total Project Income $156,960.OD $161668.80 $166.518.86 $171,514.43 $176,659.86 <br /> 43 Vacancy Rate 5%) $7,848.00 $8,083,44 $81 $8,5]5]2 $8,832.99 <br /> 44 Operating Ex ere $63.144.00 $65,669.]6 $60296.55 $]1,028.41 $]3,869.55 <br /> 455u sm Senate Expense $62,395.60 $64.26747 $66195.49 $68,1181.36 $70,226.80 <br /> 46 Total Experts $133,38].60 $138020.6] $142,817.99 $14],]85.49 $152,929.34 <br /> 47 Met O erau Income $23,572.40 $23648.13 $23,700.88 $23,728.94 $23,731152 <br /> 48 Total Debt Service $201 $20,49295 $20,492.95 $20,492.95 $20,492.95 <br /> 49-Net Profit or Lan $3,079.45 $3155.18 $3,20].93 $3,235.99 $3,23].5] <br /> 500eb[CSVem eRatb 1.1503 1.1540 1.1565 1.1579 1.1580 <br /> 'NOTE'. Can Management Servce provided directly to residents by Orange Person Chatham Area Mental Health Autroty, <br /> Section 8 Voucher Payments will be applied to Snares budget of OK Area Mental Heath Authority. <br /> Total Can Management Cost equal to $50.00 per resident per week <br />