Page 38 - Eagle Landing Academic Year 2021-22 Quarter 2

Eagle Landing

Financial Analysis Report
Managed by RISE Residential
As of January 31, 2022

08/31/2021 09/30/2021 10/31/2021 11/30/2021 12/31/2021 01/31/2022 02/28/2022 03/31/2022 04/30/2022 05/31/2022 06/30/2022 07/31/2022 Total Original
Actual Actual Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Act/Bud Budget Variance
REVENUE

RENTAL INCOME
5120 - Gross Potential Rent (GPR) 595,612 595,612 595,612 628,036 626,376 626,376 626,376 626,376 626,376 626,376 626,376 626,376 7,425,880 7,516,512 (90,632)
5125 - Gain/Loss to Lease (11,682) (14,324) (13,367) (46,647) (39,778) (48,238) (47,200) (47,200) (47,200) (47,200) (47,200) (47,200) (457,236) (566,400) 109,164
GROSS RENTAL INCOME 583,930 581,288 582,245 581,389 586,598 578,138 579,176 579,176 579,176 579,176 579,176 579,176 6,968,644 6,950,112 18,532

COST OF LEASING
5220 - Rent Loss-Vacancy 85 2 (121) 0 (181) (1,354) (12,315) (12,315) (12,315) (12,315) (12,315) (12,315) (75,459) (147,780) 72,321
5221 - Rent Loss-Model (2,720) (2,720) (2,720) (2,720) (2,720) (2,720) (2,720) (2,720) (2,720) (2,720) (2,720) (2,720) (32,640) (32,640) 0
5222 - Rent Loss-Security (1,480) (1,480) (1,480) (1,480) (1,480) (1,480) (1,480) (1,480) (1,480) (1,480) (1,480) (1,480) (17,760) (17,760) 0
5223 - Employee Units (2,004) (2,142) (2,142) (2,142) (2,142) (2,142) (3,562) (3,562) (3,562) (3,562) (3,562) (3,562) (34,086) (42,744) 8,658
5255 - Bad Debt Expense 1,220 0 137 0 (617) 0 0 0 0 0 0 (1,873) (1,133) (14,959) 13,826
TOTAL COST OF LEASING (4,899) (6,340) (6,326) (6,342) (7,140) (7,696) (20,077) (20,077) (20,077) (20,077) (20,077) (21,950) (161,078) (255,883) 94,805
NET RENTAL INCOME 579,031 574,948 575,919 575,047 579,458 570,442 559,099 559,099 559,099 559,099 559,099 557,226 6,807,566 6,694,229 113,337

OTHER INCOME
5920 - Late Charge Income 30 1,110 810 870 990 1,110 1,410 1,410 1,410 1,410 1,410 1,410 13,380 15,900 (2,520)
5924 - NSF Check Fee Income 200 0 150 350 100 150 150 150 150 150 150 150 1,850 1,800 50
5926 - Administrative Fee 2,275 175 2,450 13,825 9,875 11,300 9,625 7,875 7,875 7,875 5,250 2,625 81,025 64,050 16,975
5930 - Resident Damages 2,539 (600) 50 0 1,343 (843) 0 0 0 0 0 0 2,489 1,765 724
5932 - Cleaning Fee 2,030 72 140 0 924 0 0 0 0 0 0 0 3,166 0 3,166
5940 - Security Deposit Forfeitures 0 0 0 0 0 0 0 0 0 0 0 0 0 2,000 (2,000)
5950 - Lease Termination Fees 1,902 (518) 0 0 513 0 0 0 0 0 0 0 1,897 0 1,897
5951 - Application Fees 0 0 0 0 0 75 0 0 0 0 0 0 75 0 75
5952 - Onetime Pet Fee Income 750 150 600 300 300 750 300 300 300 300 300 300 4,650 3,600 1,050
5953 - Fines 0 0 100 100 0 0 100 100 100 100 100 100 800 1,200 (400)
5954 - Replmnt Keys/Cards/Lock Outs 115 50 350 150 115 155 200 200 200 200 200 200 2,135 2,290 (155)
5956 - Utility Income 19,561 32,893 80,326 62,015 19,691 39,984 37,770 37,770 37,770 37,770 37,770 37,770 481,089 434,783 46,306
5957 - Transfer Fees (250) 0 0 0 500 0 500 500 500 500 500 500 3,250 5,750 (2,500)
5960 - Legal and Collection Fees 403 315 0 0 0 0 0 0 0 0 0 0 718 0 718
5964 - Monthly Pet Rent Income 620 660 700 680 720 700 380 380 380 380 380 380 6,360 4,560 1,800
5146 - Relet Fee 1,121 603 671 2,543 17,466 6,927 0 0 13,900 13,900 0 0 57,131 53,600 3,531
TOTAL OTHER INCOME 31,296 34,910 86,347 80,833 52,537 60,308 50,435 48,685 62,585 62,585 46,060 43,435 660,015 591,298 68,717

TOTAL INCOME 610,327 609,858 662,266 655,880 631,995 630,750 609,534 607,784 621,684 621,684 605,159 600,661 7,467,581 7,285,527 182,054

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