FINANCIAL PROFORMA
4607 TYLER STREET NE - 4-PLEX, 2 BR
COLUMBIA HEIGHTS, MN
REVENUES
Rental Income 12 x 4 x $350 = $16,800
Laundry Income 600
Total $17,400
EXPENSES
Loan $160,000@8%@30yrs $13,200
Legal/Accounting 600
MgtFee 1,200
Garbage 600
Utilities 2,600
Water/Sewer 1,000
Repairs/Maintenance 2,500
Supplies - Plowing/Mowing 2,500
Taxes 2,000
Misc (5%) 300
Total $26,500
Net Income ($ 8,800)
One of the difficulties in providing affordable housing is the rising cost of expenses, not to mention keeping revenues at rates people can pay. What could you do here to balance the proforma?