Page 28 - Prosper Investor Quarterly Report Academic Year 2021-2022 Quarter 2

Baltimore Properties I, LLC
Prosper on Fayette
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) 419,650 419,650 419,650 419,650 419,650 419,650 419,650 419,650 419,650 419,650 419,650 419,650 5,035,800 5,035,800 0
5125 - Gain/Loss to Lease 0 1,833 (1,123) (305) (2,190) (680) 0 0 0 0 0 0 (2,464) 0 (2,464)
GROSS RENTAL INCOME 419,650 421,483 418,527 419,345 417,460 418,970 419,650 419,650 419,650 419,650 419,650 419,650 5,033,337 5,035,800 (2,464)

COST OF LEASING
5220 - Rent Loss-Vacancy (191,232) (182,865) (175,256) (172,389) (169,964) (166,387) (178,495) (178,495) (178,495) (178,495) (163,735) (163,735) (2,099,544) (2,135,885) 36,343
5221 - Rent Loss-Model (2,590) (2,590) (2,590) (2,590) (2,590) (2,590) (2,590) (2,590) (2,590) (2,590) (2,590) (2,590) (31,080) (31,080) 0
5223 - Employee Units (2,590) (2,590) (2,849) (3,108) (3,108) (3,108) (3,941) (3,941) (3,941) (3,941) (3,941) (3,941) (40,999) (47,292) 6,293
5250 - Concessions (200,020) (146,592) (15,157) (1,605) (3,105) (250) 0 0 0 0 0 0 (366,729) (367,045) 315
5255 - Bad Debt Expense 0 0 0 (1,610) (2,875) (6,784) 0 (6,877) 0 0 0 (6,100) (24,245) (12,976) (11,269)
TOTAL COST OF LEASING (396,432) (334,637) (195,852) (181,302) (181,642) (179,119) (185,026) (191,903) (185,026) (185,026) (170,266) (176,366) (2,562,597) (2,594,278) 31,682
NET RENTAL INCOME 23,218 86,846 222,675 238,043 235,818 239,851 234,624 227,747 234,624 234,624 249,384 243,285 2,470,740 2,441,522 29,218

OTHER INCOME
5170 - Parking/Garage Rental 12,775 6,125 26,781 5,950 12,950 13,300 12,775 12,775 12,775 12,775 12,775 12,775 154,531 153,300 1,231
5920 - Late Charge Income 0 200 850 650 600 650 134 134 134 134 134 134 3,754 1,340 2,414
5924 - NSF Check Fee Income 35 35 0 0 35 140 35 35 35 35 35 35 455 350 105
5926 - Administrative Fee 0 0 0 400 2,200 0 0 6,250 5,000 5,000 7,500 10,000 36,350 33,750 2,600
5930 - Resident Damages 0 0 0 0 0 2,534 0 0 0 0 0 0 2,534 0 2,534
5936 - Parking Permit Fees 0 0 0 0 0 0 0 7,000 7,000 7,000 7,000 7,000 35,000 35,000 0
5951 - Application Fees 325 300 250 275 275 350 0 625 500 500 750 1,000 5,150 3,375 1,775
5952 - Onetime Pet Fee Income 0 0 500 0 0 0 0 0 0 0 0 0 500 0 500
5953 - Fines 0 150 100 0 0 0 0 0 0 0 0 0 250 0 250
5954 - Replmnt Keys/Cards/Lock Outs 120 300 110 200 0 100 0 0 0 0 0 0 830 0 830
5956 - Utility Income 0 0 0 13,737 16,497 6,719 0 0 0 0 0 0 36,953 0 36,953
5957 - Transfer Fees 0 0 0 0 250 250 0 0 0 0 0 0 500 0 500
5964 - Monthly Pet Rent Income 0 0 120 120 120 120 80 80 80 80 80 80 960 960 0
5146 - Relet Fee 0 0 0 0 250 0 0 0 0 0 0 0 250 0 250
TOTAL OTHER INCOME 13,255 7,110 28,711 21,332 33,177 24,163 13,024 26,899 25,524 25,524 28,274 31,024 278,017 228,075 49,942

TOTAL INCOME 36,473 93,956 251,386 259,375 268,995 264,014 247,648 254,646 260,148 260,148 277,658 274,309 2,748,757 2,669,597 79,160

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