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["Thomas Fortin & Company "]
["4469 Reinbeau Drive"]
[" 41 Rench Style Apartments "]
["Hamilton Court Apartments"]
["2026-01-13"]
[]
[{"$nulls":7}," "]
[null,null," ",null,null,null,"2025 Proforma **"]
[{"$nulls":5},"CURRENT ",2025,"Increased at 3%","Increased at 3%"]
["41 Apartments 2026 ",41,"850 sf each"," "," "," Market Rent","Estimates","YEAR 2026","YEAR 2027"]
["Income: ",null,null," "," "]
["   Current  Rent "," ","With Increase",33,"33 - 1BR",775,306900,316107,325590.21]
["   Rental Income- "," ","includes water",2,"2 - 2BR",825,19800,20394,21005.82]
["   App/Screening Fee",null,"at current ",4,"4 - Studios",675,32400,33372,34373.16]
["   Cable & Telephone Revenue",null,"street rates",1,"1 - 3BR",895,10740,11062.2,11394.066]
["   Late Charges",null," "," "," "," ",0,0]
["   Laundry/Vending",null," "," ","Averages rent now","ACTUALS ",0,0]
["   Misc. Income",null," "," ","1 BR   675","FROM RENT ROLL",0,0]
["   Bad Debt Collection",null," "," ","2BR   725"," ",0,0]
["   Less:  Vacant Units",0.05," "," ","Studios   575"," ",-16092,-16574.760000000002,-17072.002800000002]
[" "," "," "," ","3BR   795"," ",null," "," "]
["Effective Gross Income",null," "," "," ",285360,353748,364360.44,375291.25320000004]
[null,null," "," "," "," ",null," "]
["Operating Expenses:",null," "," "," "]
["   Management Fee",0.05," "," ","Currently by Owner","Parcel Numbers",15345,15805.35,16279.510500000002]
["   Real Estate Taxes **",0.2," "," "," Currently $32938","180-003932",32939,73413,73413]
["Condo Dues",0," "," "," ","180-000419",0,0," "]
["Repairs and Maintenance",0.1," "," ","Parts and Labor only ","180-004905",30690,31610.7,32559.021000000004]
["   Insurance",0.03," "," "," ","180-000792",9207,9483.21,9767.7063]
["   Utilities",null," "," "," "," ",null,null," "]
["Electric",0.01," "," ","Tenant pays all","Security lights, etc AEP",3069,3161.07,3255.9021000000002]
["Gas",0," "," ","No gas"," ",0,0," "]
["Water & Sewer",0.04," "," "," "," ",12276,12644.28,13023.608400000001]
["   Admin Expenses",0.01," "," "," "," ",3069,3069,3255.9021000000002]
["Advertising",0.01," "," ","x"," ",3069,3161.07,3255.9021000000002]
["Legal and Accounting",0," "," "," "," ",0,0," "]
["Miscellaneous",0.02," "," "," "," ",6138,6322.14,6511.8042000000005]
["   Equipment Reserve",300," "," ","x"," ",12300,12300,12300]
["Total Operating Expenses",null," "," "," ",128102,128102,170969.82000000004,173622.35670000003]
[{"$nulls":5}," "]
["Expenses Per Unit",null," "," "," "," ",3124.439024390244,4169.995609756098,4234.691626829269]
[null,null," "]
["Net Operating Income",null," "," "," ",157258,225646,193390.61999999997,201668.8965]
[]
[]
["Loan Analysis",{"$nulls":6},"$/Unit"]
[{"$nulls":5},"AT CURRENT TAX","AT CURRENT TAX"]
["Capitalization Rate",null,null,null," ",0.06,0.09,0.07,0.065]
["Valuation",null,null,null," ",2620966.666666667,2507177.777777778,2762723.1428571423,2800000]
["Loan-To-Value",null,null,null," ",null,0.75,0.75,0.75]
["Loan Amount",null,null,null," "," ",1880383.3333333335,2072042.3571428568,2100000]
["Cash Investment",null,null,null," "," ",626794.4444444445,690680.7857142854,700662]
[{"$nulls":4}," "," ",null," "]
["Interest Rate",null,null,null," "," ",0.07,0.07]
["Term",null,null,null," "," ",10,10]
["Amortization",{"$nulls":4}," ",25,25]
["Annual Debt Service",{"$nulls":4}," ",159481.89874833537,170813,170813]
["Debt Service Coverage Ratio",{"$nulls":4}," ",1.414869033858648," "]
[{"$nulls":5}," "]
["Cash Flow",{"$nulls":4}," ",66164.10125166463,22577.619999999966,30855.896500000003]
["Return On Cash",{"$nulls":4}," ",0.10555948898096694,0.03602077236024564,0.04403820458366517]
[]
["** THESE ARE ESTIMATES ONLY ",{"$nulls":4}," "," "," "]
[{"$nulls":5}," "," "," "]
["Objective Acquire-Remodel-Increase",{"$nulls":4}," "," "," "]
["Value and Cash Flow",{"$nulls":4}," "," "," "]
[" ",{"$nulls":4}," "," "," "]
["** RE Taxes may go up due to  purchase",{"$nulls":4}," ",null," "]
["p[rice of $2,500,000",{"$nulls":4}," ",null," "]
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