$/SqFt	% of EI	Annual $
Gross Incomehide
201 Office (10000 sf)	$14.53	38.8%	$145,338
102 Drug Store (7500 sf)	$13.23	26.5%	$99,225
103 Beauty Salon (2000 sf)	$17.27	9.2%	$34,537
104 Donuts (2000 sf)	$16.61	8.9%	$33,220
105 Flowers (1000 sf)	$16.50	4.4%	$16,500
Base Rental Revenue	$16.44	87.8%	$328,820
Percentage Rent	$0.24	1.3%	$4,857
Total Reimbursements	$2.04	10.9%	$40,790
Total Gross Income	$18.72	100.0%	$374,467
Less: Vacancy & Credit Loss	$0.34	1.8%	$6,740
Effective Income	$18.39	98.2%	$367,727
Less: Expenseshide
Maintenance	$0.62	3.3%	$12,457
Insurance	$0.27	1.4%	$5,325
Property Taxes	$1.59	8.5%	$31,836
Security	$0.16	0.9%	$3,278
Utilities	$0.19	1.0%	$3,715
Management Fee	$0.76	4.1%	$15,298
Total Operating Expenses	$3.60	19.2%	$71,910
Net Operating Income	$14.79	79.0%	$295,817
Less: Debt Servicehide
Loan	$11.40	60.9%	$227,991
Total Debt Service	$11.40	60.9%	$227,991
Net Operating Cash Flow	$3.39	18.1%	$67,826
Less: Capital Spendinghide
Market TI's	$0.11	0.6%	$2,240
Market Commissions	$0.05	0.3%	$1,052
Total Capital Spending	$0.16	0.9%	$3,292
Cash Flow Before Tax	$3.23	17.2%	$64,533
Taxable Income and Taxes
(Losses Taken Currently)
Taxable Revenues	$18.39	98.2%	$367,727
Less: Deducted Expenses	$3.60	19.2%	$71,910
Less: Interest Expense	$8.35	44.6%	$167,006
Less: Amortized Points	$0.06	0.3%	$1,136
Less: Depreciation	$3.27	17.5%	$65,493
Ordinary Income	$3.11	16.6%	$62,182
Taxable Income	$3.11	16.6%	$62,182
Taxes Due (- = Savings)	$1.29	6.9%	$25,806
Cash Flow After Tax	$1.94	10.3%	$38,728