Page 78 - Eagle Landing Academic Year 2021-22 Quarter 2

Daytona Properties II, LLLP

13 Month Trend Report
Managed by RISE Residential
As of January 31, 2022

Prior Year Rolling 12
01/31/2021 01/31/2022 12/31/2021 11/30/2021 10/31/2021 09/30/2021 08/31/2021 07/31/2021 06/30/2021 05/31/2021 04/30/2021 03/31/2021 02/28/2021 Month Total
REVENUE

GROSS RENTAL INCOME 363,366 354,627 360,176 357,205 358,136 357,181 359,664 361,546 362,873 361,536 363,971 368,865 362,373 4,328,153
COST OF LEASING (7,342) (3,837) (3,633) (3,141) (3,675) (3,141) (1,541) (11,326) (3,169) (6,608) (16,777) (10,950) (11,037) (78,835)
NET RENTAL INCOME 356,024 350,790 356,543 354,064 354,461 354,040 358,123 350,220 359,704 354,928 347,194 357,915 351,336 4,249,318
OTHER INCOME 18,348 32,470 33,435 44,567 51,607 21,372 16,066 33,744 33,979 28,686 44,316 17,316 14,506 372,063

TOTAL INCOME 374,372 383,260 389,978 398,631 406,068 375,412 374,189 383,964 393,683 383,614 391,510 375,231 365,842 4,621,381
CONTROLLABLE EXPENSES

PAYROLL OFFICE 19,347 20,973 14,147 20,821 14,290 14,395 32,293 18,406 12,755 16,671 20,842 11,997 12,447 210,036
PAYROLL MAINTENANCE 7,257 8,698 9,193 9,458 9,432 10,317 14,532 8,437 7,918 5,917 7,951 6,693 6,920 105,468
PAYROLL RELATED EXPENSES 4,711 4,203 4,117 4,303 3,518 4,672 4,754 3,892 2,769 3,207 3,751 3,282 3,421 45,888
TOTAL PAYROLL 31,315 33,874 27,457 34,582 27,240 29,384 51,579 30,735 23,442 25,795 32,544 21,972 22,788 361,392

GENERAL & ADMINISTRATIVE 6,905 9,786 8,356 7,954 4,532 7,293 8,943 6,741 8,212 6,889 6,917 6,936 5,709 88,267
PROFESSIONAL FEES 0 0 0 0 31 0 0 0 0 0 0 0 0 31
CONTRACT SERVICES 9,669 9,388 11,027 10,128 11,843 9,798 14,206 9,347 11,950 18,068 10,270 18,279 11,017 145,321
TURNOVER EXPENSE 1,435 1,739 36 7 35 (448) 86,957 14,612 34 0 0 0 30 103,002
REPAIRS & MAINTENANCE 5,241 5,462 3,354 2,199 6,743 3,430 3,503 6,701 4,462 2,909 4,686 2,838 6,556 52,844
MARKETING & LEASING 5,338 5,876 5,779 4,211 5,974 16,086 5,832 5,932 10,167 11,270 4,448 6,123 3,216 84,913
UTILITIES 32,307 34,220 59,723 41,270 47,241 47,561 42,056 44,257 42,624 47,727 42,933 43,355 41,550 534,515
MANAGEMENT FEES 14,481 13,379 16,956 10,188 16,371 8,461 14,883 16,326 13,038 8,129 17,087 13,230 9,960 158,010
TOTAL CONTROLLABLE EXPENSES 106,691 113,724 132,688 110,539 120,010 121,565 227,959 134,651 113,929 120,787 118,885 112,733 100,826 1,528,295

CONTROLLABLE CASH FLOW 267,681 269,536 257,290 288,092 286,058 253,847 146,230 249,313 279,754 262,827 272,625 262,498 265,016 3,093,086
TAXES & INSURANCE 38,944 41,360 45,747 38,379 38,379 41,595 37,681 37,148 37,661 37,952 38,716 36,514 41,678 472,810

NET OPERATING INCOME 228,737 228,176 211,543 249,713 247,679 212,252 108,550 212,165 242,093 224,875 233,909 225,984 223,338 2,620,276
CASH FLOW BEFORE DEBT SERVICE 228,737 228,176 211,543 249,713 247,679 212,252 108,550 212,165 242,093 224,875 233,909 225,984 223,338 2,620,276

DEBT SERVICE 126,729 126,729 122,641 126,729 122,641 126,730 126,730 122,642 126,729 122,641 126,729 114,465 126,729 1,492,134
CASH FLOW AFTER DEBT SERVICE 102,008 101,447 88,902 122,984 125,038 85,522 (18,180) 89,523 115,364 102,234 107,180 111,519 96,609 1,128,143
RESERVES 6,421 6,420 6,421 6,421 6,421 6,420 6,420 6,420 6,420 6,420 6,421 6,420 6,420 77,046
CAPITAL EXPENDITURES 0 0 484 6,353 12,213 8,533 3,788 39,790 0 5,735 983 (59) 1,518 79,339

CASH FLOW BEFORE DEPREC/AMORT 95,587 95,027 81,997 110,210 106,404 70,569 (28,388) 43,313 108,944 90,079 99,776 105,158 88,671 971,758
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