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FINANCIAL ANALYSIS <br /> Patterson House <br /> 979 Patterson <br /> <br />3 Studios ~ $495/Mo. = 1,485 <br />12 One-Bedrooms ~ $650/Mo.= 7,800 <br />12 Two-Bedrooms ~ $750/Mo. = 9,000 <br /> <br />Monthly 18,285/Mo. <br />Annualized 219,420 <br />Vacancy (7%) 15,359 <br />Gross Adjusted Income 204,061 <br /> <br />Expenses <br /> <br />Insurance 6,500 <br />Maintenance 5,100 <br />Supplies 2,750 <br />Accounting/Legal 3,100 <br />Management: On-site 6,000 <br />Management: Professional 5,000 <br />Refuse 3,600 <br />Utilities 6,325 <br />Total Expenses (35.46%) 72,375 <br /> <br />Net Operating income $131,686 <br /> <br />Debt Service - $1,850,00 $143,046 <br />6% for 25 years - $11,920/Mo. <br /> <br /> -5,100 <br /> <br /> <br />