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<br />Advertise _ ! L=--6.00 I~ 650:Qill 1,440,00 1 ~ 145.00 :
<br />Bank Charges i $ 67.00. $ 50,00 I $ ___ 65.00 !! ---------r--
<br />Xcel Electricity : $ 1,012.00 [! 1.107,00 I $ 1,637.00 i $ 1,295.00,
<br />Water Dept i $ 3,017.00 $ 3,989,00 : $ 4,468.00 i $ 4,029,00 ,
<br />Maintenance ! $ 10,675.00 $ 18,984.00 i $ 10.878.00 ~ 9,211.00 I
<br />Management Fee T $ 3,835.00 $ 3,510.00 $ 3,657.00 ! $ 3,931.00 ~
<br />Snow/Lawn I $ 6.600.00 : $ 6,800.00 $ 7,150.00 $ 4,900.00 I
<br />Cleaning 1 $ 455,00 $ 612.00 $ 375.00 $ 135.00 I
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<br />Caretaker _ $ 2,880.00 $ 3,030.00 I $ 3,360.00 , $ 3.360,00 I
<br />Supplies i $ 638.00 $ 698,00 I $ 789.00 i $ 552,00 I i
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<br />Taxes I ' $ 8.360.00 $ 8,846.00 i $ 8,767.00 i $ 9,360.00
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<br />Insurance I $ 2,400.00 ~ 2,640.00 I $ 2,760.00 i $ 2,640.00 I I
<br />LegaIlAcCOunling-'--r- I $ 1,950.00 ..' $ 2,025.00 I $ 1,800,00 I $ 1,200.00.L-_ + __~_
<br />Replacement Resv, . $ 3.286.00 $ 3,510,00 , $ 3,658.00 . $ 3.931.00 I.L .___
<br />!otal Expenses I. I. $ 45'701':h 56,451.00 ' $ 50,804.00 I, 44,689.00 + $._ _~ + $ __-----;, ~ __~___
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<br />Net In com.e. .----------.L. _n___j..-t-.--~~079.00 I. $ _~c049_~02i1._____. 10,156,~~__'_..L___2.2~~~10_~..:..L_____~...i..L.._____+.!-- "u'"
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<br />I 1 0% Cap Rate - Value --1 I $ 90,790,00 I $ 20,49000 ~ $ 101.560,00 . $ 208.310.00 : $ : $ _ : .!___ -=--=-=-~
<br />==--==--- ----._l_.__l_~~=-=~--~==_ .,J-- .. ___L______. ____.L_______~---. ----t---... '__,___'_"
<br />I..r:~_<lI2.dF.tlll.:-:'<3Iu~.per_City 2981lQ2__n~~~<3Iue gOi~j!Jo~~D2.._____. ~_. . ___---+--_~_u__+.___ ._.__..L____~
<br />Mitch Marcusson 433-5342, :
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<br />Meadow Rid~e Apartments - Annual Summary of Income and Expenses - Purchase date was 1-2-2003 ,!
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<br />INCOME --i- I 2003--1 2004 2005 ~~-:6~-~'-~===-- 2007-:-- 2009 ~-2010
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<br />Ife",---= -=:.:.-=1=+= -=~~1h':' 5478Q$- _ 58,5cio~0 ts:=-'O,96ii:OO ; $~~52~~L= _ _ ---+-___ 1=_ -
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<br />,MISC. ,! 1
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<br />Total Income ... i --L!.. 54,780,00 i $ 58,500.00 . $ 60,960.00 i $ 65,520,00 ' $ . $ . $
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