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<br /> ADDITIONAL DOCUMENTATION
<br /> PARAGRAPH (VII E) D.
<br /> TWO YEAR FINANCIAL PROJECTION
<br /> ELK PATH PROFESSIONAL BUILDING
<br /> 2,003 2,004 2,005
<br /> Rental Income:
<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 /> SUBTOTAL 568,764 568,764 568,764
<br /> Vacancy Loss (312,820) (85,315) (56,876)
<br /> Oper. Ex. Re-imb. 41,889 SF @ 6.12 115,377 217,935 230,755
<br /> TOTAL REVENUE 371,321 701,384 742,642
<br /> MORTGAGE $3,456,000 @8% -20Yr. 346,889 346,889 346,889
<br /> • Operating Expenses
<br /> Taxes 100,000 100,000 100,000
<br /> Insurance 18,000 18,000 18,000
<br /> Utilities 75,000 75,000 75,000
<br /> Bldg. Maint. 10,000 10,000 10,000
<br /> Custodial/Lawn 15,000 15,000 15,000
<br /> Admin 25,594 25,594 25,594
<br /> Snow Plowing 6,000 6,000 6,000
<br /> P-Lot Maint. 5,000 5,000 5,000
<br /> Trash 1,800 1,800 1,800
<br /> TOTAL OPER. EXP. 256,394 256,394 256,394
<br /> EXPENSE/SF 6.12 6.12 6.12
<br /> NET INCOME/(LOSS) (231,962) 98,101 139,359
<br /> RETURN ON INVESTMENT -26.85% 11.35% 16.13%
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