What could you do here to balance the proforma

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Reference no: EM132012614

FINANCIAL PROFORMA

4607 TYLER STREET NE - 4-PLEX, 2 BR

COLUMBIA HEIGHTS, MN

REVENUES

Rental Income 12 x 4 x $350 = $16,800

Laundry Income 600

Total $17,400

EXPENSES

Loan $160,000@8%@30yrs $13,200

Legal/Accounting 600

MgtFee 1,200

Garbage 600

Utilities 2,600

Water/Sewer 1,000

Repairs/Maintenance 2,500

Supplies - Plowing/Mowing 2,500

Taxes 2,000

Misc (5%) 300

Total $26,500

Net Income ($ 8,800)

One of the difficulties in providing affordable housing is the rising cost of expenses, not to mention keeping revenues at rates people can pay. What could you do here to balance the proforma?

Reference no: EM132012614

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