Page 17 - Welcome to the Element - Equity Flipbook file

The Element

RENTAL PROFORMA (at first year initial lease-up and take-out loan)
GROSS REVENUE rentable SF Month Year
UNIT 111 (STVR) Sleeps 6 $ 9.19 PER SQ.FT. 667 $ 6,127.88 $ 73,534.50
UNIT 110 (STVR) Sleeps 8 $ 8.58 PER SQ.FT. 1020 $ 8,752.25 $ 105,027.00
UNIT 101 - studio - AFFORDABLE $ 1.72 PER SQ.FT. 611 $ 1,050.00 $ 12,600.00
UNIT 201 (STVR) Sleeps 4 $ 8.13 PER SQ.FT. 536 $ 4,355.00 $ 52,260.00
UNIT 210 - 1bdrm/1b - (236 sf Patio) $ 3.67 PER SQ.FT. 789 $ 2,895.00 $ 34,740.00
UNIT 211 - 1bdrm/1b - (90 sf Patio) $ 3.67 PER SQ.FT. 680 $ 2,495.00 $ 29,940.00
UNIT 212 - 1 bdrm/1b - (170 sf Porch) $ 3.55 PER SQ.FT. 843 $ 2,995.00 $ 35,940.00
UNIT 220 - 1 bdrm/1b - (140 sf Porch) $ 3.71 PER SQ.FT. 780 $ 2,895.00 $ 34,740.00
UNIT 221 - 1 bdrm/1b - (128 sf Patio) $ 3.37 PER SQ.FT. 890 $ 2,995.00 $ 35,940.00
UNIT 222 - 1 bdrm/1b - (100 Patio) -
AFFORDABLE $ 1.76 PER SQ.FT. 710 $ 1,250.00 $ 15,000.00
UNIT 223 - 1bdrm/1b - (228 sf Patio) $ 3.78 PER SQ.FT. 660 $ 2,495.00 $ 29,940.00
UNIT 310 - studio/1.5b + loft - (374 sf Patio) $ 3.27 PER SQ.FT. 1038 $ 3,395.00 $ 40,740.00
UNIT 311 - 1 bdrm/1b - (74 sf Patio) $ 3.67 PER SQ.FT. 680 $ 2,495.00 $ 29,940.00
UNIT 312 - studio + Loft - (500 sf Roof Patio) $ 3.52 PER SQ.FT. 766 $ 2,695.00 $ 32,340.00
UNIT 313 - studio/1.5b - (100 sf Patio) $ 3.33 PER SQ.FT. 900 $ 2,995.00 $ 35,940.00
UNIT 320 - studio - (365 sf Patio) $ 3.95 PER SQ.FT. 555 $ 2,195.00 $ 26,340.00
UNIT 321 - 2bdrm/2.5b - (282 sf Roof Patio) $ 3.39 PER SQ.FT. 1327 $ 4,495.00 $ 53,940.00
UNIT 322 - 1 bdrm/1.5b - (66 sf Patio) $ 3.41 PER SQ.FT. 878 $ 2,995.00 $ 35,940.00
UNIT 323 - 1bdrm/1.5b - (350 sf Patio) $ 3.31 PER SQ.FT. 906 $ 2,995.00 $ 35,940.00
UNIT 324 - 1bdrm/2b + loft - (140 sf Patio) $ 3.77 PER SQ.FT. 1140 $ 4,295.00 $ 51,540.00
UNIT 100 - (8 STVR suites allowing for 35%
vacancy and cleaning costs: see below) $ - PER SQ.FT. 3856 $ - $ -
STVR 1 - Sleeps 8 $ 8.22 PER SQ.FT. 1065 $ 8,752.25 $ 105,027.00
STVR 2 - Sleeps 4 $ 9.39 PER SQ.FT. 464 $ 4,355.00 $ 52,260.00
STVR 3 - Sleeps 4 $ 10.18 PER SQ.FT. 428 $ 4,355.00 $ 52,260.00
STVR 4 - Sleeps 4 $ 13.08 PER SQ.FT. 333 $ 4,355.00 $ 52,260.00
STVR 5 - Sleeps 4 $ 13.08 PER SQ.FT. 333 $ 4,355.00 $ 52,260.00
STVR 6 - Sleeps 4 $ 10.75 PER SQ.FT. 405 $ 4,355.00 $ 52,260.00
STVR 7 - Sleeps 4 $ 12.44 PER SQ.FT. 350 $ 4,355.00 $ 52,260.00
STVR 8 - Sleeps 4 $ 9.11 PER SQ.FT. 478 $ 4,355.00 $ 52,260.00
GROSS SCHEDULED INCOME (GSI) $ 106,097.38 $ 1,273,168.50

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FYJT_LLC01.17.19.xlsx