56
21 253
3BR Total Market
417
Spaces
Rent
125
Rent PSF 33
1,650 2,200 3,000
$52,083
5%
$603,316
$52,083
Year 1 2011
Vacancy assump on: Loss Factor
$1,788,238
$262,444
2,050,682
10,000
250,000 13,021 651 13,672
1,349,190 338,910
Year 2 2012 0% 0.0% 90% 1,499,100 189,000 1,688,100
750
600
$7,416,031
$4,354,537
11,770,568
10,000
1,000,000 52,083 2,604 54,688
$8,512,764 15%
$4,919,521 13%
13,432,285 14%
10,000
1,000,000 52,604 2,630 55,234
272,797 6,547,127
1,798,920 4,953,480
$8,689,939 2%
$5,010,793 2%
13,700,731 2%
10,000
1,025,000 53,656 2,683 56,339
278,253 6,678,070
Year 5 2015 2% 2.5% 4% 6,177,491 778,831 6,956,322
104% 118%
4% 18%
102
120 21 0 40000 2
Units
$8,768 $731
$26,305
123 21 417 1
120
56
Year 4 2014 1% 0.0% 4% 6,056,364 763,560 6,819,924
Unit Mix Units
Year 3 2013 0% 0.0% 30% 5,996,400 756,000 6,752,400
900 1150 300 ft per space 40,000
SF
Notes: Certificate of Occupancy is estimated in month 9 year 2; building will only operate for 3 months.
Residential Net Operating Income Growth (%)
Operating Expenses SF Total Operating Expenses Growth (%)
Effective Gross Income Growth (%)
Other Revenue
Retail & Professional Revenue Garage Revenue Less: Garage Vacancy / Credit Loss Net Garage Revenue
$1,320,000 $1,320,000
2BR 3BR Parking Retail
1BR
$255,200 $63,000 $499,700
Studio
UNIT
$9,230 $769
$27,689
204% 218%
0 0 165000 3
0
102
$9,008,304 4%
$5,174,799 3%
14,183,103 4%
10,000
1,050,625 55,266 2,763 58,029
214,950 6,950,062
Year 6 2016 3% 2.5% 3% 6,362,816 802,196 7,165,012
Units
$7,891 $658
$23,674
Affordability Analysis: Multifamily Rental Housing 100% AMI 95% AMI 90% AMI Annual Housing Allowance at 1/3: Monthly Housing Allowance:
Annual Income:
$155,100
$26,400
$51,532
$5,384
$19,998
Cumulative Rent
Less: Residential Vacancy / Credit Loss Net Residential Revenue
Residential Rent Growth Supermarket Rent Step-up Vacancy Market Rate Unit Revenue Affordable Unit Revenue Gross Residential Revenue
Residential Pro-Forma
Year 1 PGI
Total Parking
Parking
Total Supermarket
40,000
116
2BR
SF
94
Retail
769 769
# of Units Rent @ Market 22 1,200
67
7
26
1BR
Market Rate Studio
2BR 3BR Total Affordable
1BR
Residen al Assump ons Affordable # of Units Rent @ 100% AMI Studio 34 $26,151 769
$9,288,932 3%
$5,319,365 3%
14,608,296 3%
10,000
1,076,891 56,924 2,846 59,770
221,399 7,158,564
Year 7 2017 3% 2.5% 3% 6,553,700 826,262 7,379,963
$6,708 $559
$20,123
85% AMI
$9,577,978 3%
$5,468,267 3%
15,046,245 3%
10,000
1,103,813 58,632 2,932 61,563
228,041 7,373,321
Year 8 2018 3% 2.5% 3% 6,750,312 851,050 7,601,361
$5,366 $447
$16,098
80% AMI
$9,875,695 3%
$5,621,637 3%
15,497,333 3%
10,000
1,131,408 60,391 3,020 63,410
234,882 7,594,520
Year 9 2019 3% 2.5% 3% 6,952,821 876,581 7,829,402
$10,182,345 3%
$5,779,608 3%
15,961,952 3%
10,000
1,159,693 62,202 3,110 65,312
241,929 7,822,356
Year 10 2020 3% 2.5% 3% 7,161,405 902,879 8,064,284
$10,498,194 3%
$5,942,318 3%
16,440,512 3%
10,001
1,188,686 64,068 3,203 67,272
249,186 8,057,026
Year 11 2021 3% 2.5% 3% 7,376,248 929,965 8,306,213
$10,823,519 3%
$6,109,910 3%
16,933,428 3%
10,002
1,218,403 65,990 3,300 69,290
256,662 8,298,737
Year 12 2022 3% 2.5% 3% 7,597,535 957,864 8,555,399