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02/02/1994 17:38 612-336-4565 MSP. PAGE 10 <br /> 4. INCOME/EXPENSE ANALYSIS <br /> _==================.. <br /> #UNITS RENT/UNIT ANNUAL RENT <br /> 1 BEDROOM 20 $480 $115,200 <br /> 1 BEDROOM 24 $480 $138,240 <br /> 2 BEDROOM 16 $580 $111,360 <br /> 1 BEDROOM MKT 8 $580 $ 55,680 <br /> 2 BEDROOM - MKT 12 $700 $100,800 <br /> GROSS RENTAL INCOME $521,280 <br /> OCCUPANCY 95.00% <br /> NET RENTAL INCOME $495, 216 <br /> PARKING @ $35 $ 21,000 <br /> LAUNDRY @ $4 $ 3,840 <br /> T/F @ (90%) $101,134 <br /> EFFECTIVE GROSS INCOME $621,190 <br /> REAL ESTATE TAX @ $1,500 ($120,000) <br /> OPERATING EXPENSE @ $1,950 ($156,000) <br /> ANNUAL REPL RESERVE @ $ 150 ($12, 000) <br /> NET OPERATING INCOME $333,190 <br /> DEBT SERVICE ($298, 000) <br /> CASH FLOW $35. 190 <br /> FIMINFO.MV <br />