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ADDITIONAL DOCUMENTATION
<br /> PARAGRAPH (VII E) D.
<br />TWO YEAR FINANCIAL PROJECTION
<br /> ELK PATH PROFESSIONAL BUILDING
<br />
<br />Rental Income:
<br />
<br />2T003 2,004 2,005
<br />
<br />Rent 41,889 SF @ 12.50 523,612 523,612 523,612
<br />Storage 5,500 SF @ 8.00 38,672 38,672 38,672
<br />Parking 18 @ 360/YR 6,480 6,480 6,480
<br />S U BTOTAL 568,764 568,764 568,764
<br />Vacancy Loss (312,820) (85,315) (56,876)
<br />
<br />Oper. Ex. Re-imb. 41,889 SF @ 6.12 115,377 217,935 230,755
<br />
<br />TOTAL REVENUE
<br />
<br />371,321 701,384 742,642
<br />
<br />MORTGAGE
<br />
<br />$3,456,000 @8% - 20Yr.
<br />
<br />346,889 346,889 346,889
<br />
<br />Operatin.q Expenses
<br /> Taxes
<br /> Insurance
<br /> Utilities
<br /> Bldg. Maint.
<br /> Custodial/Lawn
<br /> Admin
<br /> Snow Plowing
<br /> P-Lot Maint.
<br /> Trash
<br />
<br />TOTAL OPEn. EXP.
<br />
<br />EXPENSEISF
<br />
<br />100,000 100,000 100,000
<br />18,000 18,000 18,000
<br />75,000 75,000 75,000
<br />10,000 10,000 10,000
<br />15,000 15,000 15,000
<br />25,594 25,594 25,594
<br />6,000 6,000 6,000
<br />5,000 5,000 5,000
<br />1,800 1,800 1,800
<br />
<br />256,394 256,394 256,394
<br />
<br />6.12 6.12 6.12
<br />
<br />NET INCOME/(LOSS)
<br />
<br />(231,962) 98,101 139,359
<br />
<br />RETURN ON INVESTMENT -26.85% 11.35% 16.13%
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