Addendum: Potential Gross Revenue (2014-09-29)
Residential $351,060
Parking/Garages $3,600
Other $7,800
Total $362,460
Vacancy Rate and Bad Debt
Residential (3%) $10,532
Parking/Garages (20+) $720
Total $11,252
Effective Gross Revenue $351,208
Operating Expenses
Municipal Taxes (2013) $44,202
School Taxes (2013) $6,957
Energy - Electricity $4,400
Energy - Gas $2,640
Insurance $17,617
Superintendant $13,200
Snow Removal $2,500
Maintenance $17,000
Total $108,516
Net Operating Revenue $242,692
Residential $351,060
Parking/Garages $3,600
Other $7,800
Total $362,460
Vacancy Rate and Bad Debt
Residential (3%) $10,532
Parking/Garages (20+) $720
Total $11,252
Effective Gross Revenue $351,208
Operating Expenses
Municipal Taxes (2013) $44,202
School Taxes (2013) $6,957
Energy - Electricity $4,400
Energy - Gas $2,640
Insurance $17,617
Superintendant $13,200
Snow Removal $2,500
Maintenance $17,000
Total $108,516
Net Operating Revenue $242,692