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Orange County Mobile Home Park <br />Operating Proforma <br />Income <br />Number Rent <br />Lots 8 $ 230.00 $ 22,080.00 <br />Unit 1 465 $ 5,580.00 <br />Gross Potential Income $ 27,660.00 <br />Vacancy 5% $ (1,104.00) <br />NOI $ 26,556.00 <br />Operating Expenses <br />Maintenance $ 1,800.00 <br />Electric $ 136.00 <br />Septic Service $ 1,500.00 <br />Property Management Fee $ 2,124.48 <br />Professional Services $ 1,500.00 <br />Replacement Reserve $ 1,500.00 <br />Taxes $ 2,000.00 <br />Insurance $ 2,500.00 <br />subtotal $ 13,060.48 <br />Debt - 8% 20 yr $10,185.22 <br />Total $ 23,245.70 <br />Net $ 3,310.30 <br />After four units are added and rental unit sold. <br />Income <br />Number Rent <br />Lots 12 $ 230.00 $ 33,120.00 <br />Unit 0 $ - <br />Gross Potential Income $ 33,120.00 <br />Vacancy 5% $ (1,656.00) <br />NOI $ 31,464.00 <br />Operating Expenses <br />Maintenance $ 1,800.00 <br />Electric $ 136.00 <br />Septic Service $ 1,500.00 <br />Property Management Fee ~8% $ 2,517.12 <br />Professional Services $ 1,500.00 <br />Replacement Reserve $ 1,500.00 <br />Taxes $ 2,000.00 <br />Insurance $ 2,500.00 <br />subtotal $ 13,453.12 <br />Debt - 8% 20 yr $10,185.22 <br />Total $ 23,638.34 <br />Net $ 7,825.66 <br />Debt to Operating Income 1.14 Debt to Operating Income 1.33 <br />