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IncomeEsa 3.0©% ; YR~11
<br />``YR i4
<br />YRI5
<br />' YR 16
<br />; YR 17 '
<br />' YR 18
<br />' ~R 19
<br />--YR 20'
<br />erase Esc..9.00%
<br />Gross rent 682,817 703,302 724,401 746,133 768,517 791,572 815,319 839,779 864,972 890,921
<br />+ Other Income 12,095 12,458 12,832 13,217 13,613 14,022 14,442 14,876 15,322 15,782
<br />= Gross Income or Rent 694,912 715,760 737,232 759,349 782,130 805,594 829,762 854,654 880,294 906,703
<br />- VaCan Allowance 7% 48,644 50,103 51,606 53,154 54,749 56,392 58,083 59,826 61,621 63,469
<br />=EFFECTIVE NET RENT 646,268 665,656 685,626 706,195 727,381 749,202 771,678 794,829 818,674 843,234
<br />- Operating Ezpenses 462,156 480,642 499,868 519,863 540,657 562,283 584,775 608,166 632,492 657,792
<br />- Replacement Reserves 28,125 29,250 30,420 31,636 32,902 34,218 35,587 37,010 38,491 40,030
<br />=NET OPERATING INCOME ]55,988 155,765 155,339 154,696 153,822 152,701 151,317 149,653 147,691 145,412
<br />- CICCAR loan 125,606 125,606 125,606 125,606 125,606 125,606 125,606 125,606 125,606 125,606
<br />- RPP loan 10,035 9,841 9,471 8,912 8,152 7,177 5,974 4,527 2,820 839
<br />- Orange County loan 0 0 0 0 0 0 0 0 0 0
<br />Total Debt Service 135,642 .135,448 135,077 134,518 133,758 132,783 131,580 130,133 128,427 126,445
<br />=CASH FLOW AVAILASLF, 20.346 20317 7.0262 2.0.17R 20.064 19.91R 19.737 19520 19.264 1R_967
<br />C.:overage xatio - C1CCAx loan
<br />C`nveraue Ratite- All inane
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<br />71282008 6:10 PM
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