$/SqFt	% of EI	Annual $
Gross Incomehide
201 Office (10000 sf)	$17.35	37.5%	$173,545
102 Drug Store (7500 sf)	$17.88	29.0%	$134,078
103 Beauty Salon (2000 sf)	$19.83	8.6%	$39,666
104 Donuts (2000 sf)	$19.83	8.6%	$39,666
105 Flowers (1000 sf)	$19.83	4.3%	$19,834
Base Rental Revenue	$20.34	88.0%	$406,791
Percentage Rent	$0.34	1.5%	$6,731
Total Reimbursements	$2.45	10.6%	$48,906
Total Gross Income	$23.12	100.0%	$462,428
Less: Vacancy & Credit Loss	$0.20	0.9%	$4,022
Effective Income	$22.92	99.1%	$458,406
Less: Expenseshide
Maintenance	$0.74	3.2%	$14,874
Insurance	$0.36	1.5%	$7,136
Property Taxes	$1.79	7.8%	$35,853
Security	$0.20	0.8%	$3,914
Utilities	$0.22	1.0%	$4,436
Management Fee	$0.91	4.0%	$18,267
Total Operating Expenses	$4.22	18.3%	$84,481
Net Operating Income	$18.70	80.9%	$373,926
Less: Debt Servicehide
Loan	$11.40	49.3%	$227,991
Total Debt Service	$11.40	49.3%	$227,991
Net Operating Cash Flow	$7.30	31.6%	$145,934
Less: Capital Spendinghide
Market TI's	$0.00		$0
Market Commissions	$0.00		$0
Total Capital Spending	$0.00		$0
Cash Flow Before Tax	$7.30	31.6%	$145,934
Taxable Income and Taxes
(Losses Taken Currently)
Taxable Revenues	$22.92	99.1%	$458,406
Less: Deducted Expenses	$4.22	18.3%	$84,481
Less: Interest Expense	$6.48	28.0%	$129,592
Less: Amortized Points	$0.06	0.2%	$1,136
Less: Depreciation	$3.32	14.3%	$66,338
Ordinary Income	$8.84	38.2%	$176,861
Taxable Income	$8.84	38.2%	$176,861
Taxes Due (- = Savings)	$3.67	15.9%	$73,397
Cash Flow After Tax	$3.63	15.7%	$72,537