Page 72 - Eagle Landing Academic Year 2021-22 Quarter 2

Daytona Properties I, 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 220,528 223,511 226,422 224,184 224,109 224,107 224,266 220,079 220,671 221,299 221,327 221,518 219,201 2,670,694
COST OF LEASING (7,597) (3,859) (3,507) (3,201) (2,651) (3,199) (3,358) (7,020) (4,407) (5,095) (5,803) (5,838) (6,532) (54,471)
NET RENTAL INCOME 212,931 219,652 222,915 220,983 221,458 220,908 220,908 213,059 216,264 216,204 215,524 215,680 212,669 2,616,223
OTHER INCOME 14,224 27,838 19,102 36,266 34,740 13,538 15,230 25,884 23,407 22,333 22,324 25,463 15,342 281,467

TOTAL INCOME 227,155 247,490 242,017 257,249 256,198 234,446 236,138 238,943 239,671 238,537 237,848 241,143 228,011 2,897,690
CONTROLLABLE EXPENSES

PAYROLL OFFICE 9,966 10,823 7,302 10,740 7,375 7,430 16,649 9,496 6,585 8,601 11,218 6,180 6,412 108,810
PAYROLL MAINTENANCE 4,616 4,573 4,794 4,931 4,917 5,373 7,544 4,405 4,128 5,674 4,128 4,285 4,568 59,322
PAYROLL RELATED EXPENSES 2,596 2,164 2,122 2,943 1,847 2,408 2,451 2,345 1,525 2,235 2,145 1,856 1,945 25,984
TOTAL PAYROLL 17,178 17,560 14,218 18,614 14,139 15,211 26,644 16,246 12,238 16,510 17,491 12,321 12,925 194,116

GENERAL & ADMINISTRATIVE 4,403 5,578 4,447 5,501 2,748 5,643 4,110 2,113 6,983 4,711 4,827 3,506 3,457 53,625
CONTRACT SERVICES 6,238 7,460 5,743 8,612 6,913 7,094 8,767 6,954 9,904 10,596 7,327 13,290 7,906 100,567
TURNOVER EXPENSE 604 1,222 1,874 4 18 27 34,776 13,989 17 0 0 0 16 51,941
REPAIRS & MAINTENANCE 2,399 2,699 1,881 1,837 3,045 2,758 999 4,283 3,116 1,581 3,252 2,663 3,591 31,705
MARKETING & LEASING 2,749 3,028 2,977 2,066 3,078 8,694 2,974 2,747 5,546 5,805 2,291 3,225 1,589 44,022
UTILITIES 17,729 22,582 27,947 20,686 23,452 23,996 21,168 19,231 21,159 24,976 23,133 22,729 22,923 273,980
MANAGEMENT FEES 8,455 6,414 12,033 6,338 10,097 6,219 7,607 10,838 8,491 5,961 9,974 8,014 5,924 97,909

TOTAL CONTROLLABLE EXPENSES 59,755 66,543 71,120 63,658 63,490 69,642 107,045 76,401 67,454 70,140 68,295 65,748 58,331 847,865

CONTROLLABLE CASH FLOW 167,400 180,947 170,897 193,591 192,708 164,804 129,093 162,542 172,217 168,397 169,553 175,395 169,680 2,049,826
TAXES & INSURANCE 34,795 37,350 43,155 36,026 36,025 39,317 35,327 34,546 34,810 35,060 35,769 34,142 36,702 438,228

NET OPERATING INCOME 132,605 143,597 127,742 157,565 156,683 125,487 93,766 127,996 137,407 133,337 133,784 141,253 132,978 1,611,597
CASH FLOW BEFORE DEBT SERVICE 132,605 143,597 127,742 157,565 156,683 125,487 93,766 127,996 137,407 133,337 133,784 141,253 132,978 1,611,597

DEBT SERVICE 65,285 65,285 63,178 65,284 63,179 65,285 65,284 63,178 65,285 63,179 65,284 58,967 65,285 768,675
CASH FLOW AFTER DEBT SERVICE 67,320 78,312 64,564 92,281 93,504 60,202 28,482 64,818 72,122 70,158 68,500 82,286 67,693 842,922
RESERVES 3,308 3,307 3,308 3,308 3,307 3,307 3,308 3,308 3,307 3,307 3,308 3,307 3,307 39,691
CAPITAL EXPENDITURES 0 0 579 1,341 3,834 332 5,358 42,221 964 1,592 450 (30) 782 57,422
CASH FLOW BEFORE DEPREC/AMORT 64,012 75,005 60,677 87,632 86,363 56,563 19,816 19,289 67,851 65,259 64,742 79,009 63,604 745,809

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