| A | B | C | D | E |
---|

1 | | | | | |

2 | | | | | |

3 | | | | | |

4 | | | | | |

5 | | | | | |

6 | Potential Gross Revenue | | | | |

7 | Base Rental Revenue | | | | |

8 | Absorption & Turnover Vacancy | | | | |

9 | Base Rent Abatements | | | | |

10 | | | | | |

11 | Scheduled Base Rental Revenue | | | | |

12 | | | | | |

13 | Expense Reimbursement Revenue | | | | |

14 | Real Estate Taxes | | | | |

15 | Operating Expenses | | | | |

16 | Electric | | | | |

17 | | | | | |

18 | Total Reimbursement Revenue | | | | |

<tbody>

[TD="align: center"]1[/TD]

[TD="align: center"][/TD]

[TD="align: center"]Year 1[/TD]

[TD="align: center"]Year 1[/TD]

[TD="align: center"]Year 1[/TD]

[TD="align: center"]2[/TD]

[TD="align: center"][/TD]

[TD="align: center"]Month 1[/TD]

[TD="align: center"]Month 2[/TD]

[TD="align: center"]Month 3[/TD]

[TD="align: center"]3[/TD]

[TD="align: center"][/TD]

[TD="align: center"]Jan-2015[/TD]

[TD="align: center"]Feb-2015[/TD]

[TD="align: center"]Mar-2015[/TD]

[TD="align: center"]4[/TD]

[TD="align: right"][/TD]

[TD="align: right"] ___________[/TD]

[TD="align: right"] ___________[/TD]

[TD="align: right"] ___________[/TD]

[TD="align: center"]5[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: center"]6[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: center"]7[/TD]

[TD="align: right"]$247,931[/TD]

[TD="align: right"]$247,933[/TD]

[TD="align: right"]$247,926[/TD]

[TD="align: center"]8[/TD]

[TD="align: right"](153,207)[/TD]

[TD="align: right"](153,209)[/TD]

[TD="align: right"](153,204)[/TD]

[TD="align: center"]9[/TD]

[TD="align: right"](21,887)[/TD]

[TD="align: right"](21,887)[/TD]

[TD="align: right"](21,886)[/TD]

[TD="align: center"]10[/TD]

[TD="align: right"][/TD]

[TD="align: right"] ___________[/TD]

[TD="align: right"] ___________[/TD]

[TD="align: right"] ___________[/TD]

[TD="align: center"]11[/TD]

[TD="align: right"]72,837[/TD]

[TD="align: right"]72,837[/TD]

[TD="align: right"]72,836[/TD]

[TD="align: center"]12[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: center"]13[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: center"]14[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"]164[/TD]

[TD="align: center"]15[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: center"]16[/TD]

[TD="align: right"]2,189[/TD]

[TD="align: right"]2,188[/TD]

[TD="align: right"]2,254[/TD]

[TD="align: center"]17[/TD]

[TD="align: right"][/TD]

[TD="align: right"] ___________[/TD]

[TD="align: right"] ___________[/TD]

[TD="align: right"] ___________[/TD]

[TD="align: center"]18[/TD]

[TD="align: right"]2,189[/TD]

[TD="align: right"]2,188[/TD]

[TD="align: right"]2,418[/TD]

</tbody>

| A | B | C | D | E | F |
---|

| | | | | | |

For the Years Ending | | | | | | |

| | | | | | |

Gross Residential Income | | | | | | |

General Vacancy | $ - | $ - | $ - | | | |

Get Ready Cost | $ - | $ - | $ - | | | |

Residential Effective Gross Income | $ - | $ - | $ - | | | |

| | | | | | |

Potential Gross Revenue | | | | | | |

Base Rental Revenue | $ - | $ 3,067,050 | $ 3,151,183 | | | |

Absorption & Turnover Vacancy | $ (1,452,379) | $ (405,781) | $ - | | | |

Base Rent Abatements | $ (264,592) | $ (272,549) | $ - | | | |

| | | | | | |

Scheduled Base Rental Revenue | $ 1,274,128 | $ 2,388,720 | $ 3,151,183 | | | |

| | | | | | |

Expense Reimbursement Revenue | | | | | | |

Real Estate Taxes | $ 1,664 | $ 7,008 | $ 15,835 | | | |

Operating Expenses | $ 30 | $ - | $ - | | | |

Electric | $ 47,240 | $ 104,087 | $ 128,529 | | | |

Total Reimbursement Revenue | $ 48,880 | $ 111,095 | $ 144,364 | | | |

<tbody>

[TD="align: center"]1[/TD]

[TD="align: right"]1[/TD]

[TD="align: right"][/TD]

[TD="align: right"]Year 1[/TD]

[TD="align: right"]Year 2[/TD]

[TD="align: right"]Year 3[/TD]

[TD="align: center"]2[/TD]

[TD="align: right"]2[/TD]

[TD="align: right"][/TD]

[TD="align: right"]12/31/2014[/TD]

[TD="align: right"]12/31/2015[/TD]

[TD="align: right"]12/31/2016[/TD]

[TD="align: center"]3[/TD]

[TD="align: right"]3[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: center"]4[/TD]

[TD="align: right"]4[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: center"]5[/TD]

[TD="align: right"]5[/TD]

[TD="align: right"][/TD]

[TD="align: center"]6[/TD]

[TD="align: right"]6[/TD]

[TD="align: right"][/TD]

[TD="align: center"]7[/TD]

[TD="align: right"]7[/TD]

[TD="align: right"][/TD]

[TD="align: center"]8[/TD]

[TD="align: right"]8[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: center"]9[/TD]

[TD="align: right"]9[/TD]

[TD="align: right"]6[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: center"]10[/TD]

[TD="align: right"]10[/TD]

[TD="align: right"]7[/TD]

[TD="align: center"]11[/TD]

[TD="align: right"]11[/TD]

[TD="align: right"]8[/TD]

[TD="align: center"]12[/TD]

[TD="align: right"]12[/TD]

[TD="align: right"]9[/TD]

[TD="align: center"]13[/TD]

[TD="align: right"]13[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: center"]14[/TD]

[TD="align: right"]14[/TD]

[TD="align: right"]11[/TD]

[TD="align: center"]15[/TD]

[TD="align: right"]15[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: center"]16[/TD]

[TD="align: right"]16[/TD]

[TD="align: right"]13[/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: right"][/TD]

[TD="align: center"]17[/TD]

[TD="align: right"]17[/TD]

[TD="align: right"]14[/TD]

[TD="align: center"]18[/TD]

[TD="align: right"]18[/TD]

[TD="align: right"]15[/TD]

[TD="align: center"]19[/TD]

[TD="align: right"]19[/TD]

[TD="align: right"]16[/TD]

[TD="align: center"]20[/TD]

[TD="align: right"]20[/TD]

[TD="align: right"]18[/TD]

</tbody>