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HH-AH-2020-004-HopeSource-Paulann-unsigned
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2020-08-18 10:00 AM - Commissioners' Agenda
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HH-AH-2020-004-HopeSource-Paulann-unsigned
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Last modified
8/13/2020 1:15:38 PM
Creation date
8/13/2020 1:15:08 PM
Metadata
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Template:
Meeting
Date
8/18/2020
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Alpha Order
e
Item
Request to Approve Agreement HH-AH-2020-004-HopeSource-Paulann
Order
5
Placement
Consent Agenda
Row ID
65752
Type
Contract
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Sample Pro Forma Single Family Rentals <br />Operating <br />Project Name: PaulannAddress: 801 6th Ave <br />lncome: 60% AMt <br />Ex <br />19 <br />Average Per Unit <br />$ 105 <br />$ 538 <br />$ 895 <br />$ 211 <br />$-$ tt <br />$21$- <br />$$ 1,780 <br />1,053 <br />158 <br />B1 <br />1,291 <br />105 <br />263 <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />158 <br />79 <br />605 <br />Rent:# Units Monthlv Rent Annual Rent <br />Efficiency 0 $ 743 $ <br />One Bedroom 19 $787 $179,436 <br />Two Bedroom 0 $750 $ <br />Grant income 0 $$ <br />Total Units 19 <br />Gross Renf $179,436 <br />Less <br />Vacancy 3.0o/o $(5,383) <br />Bad Debt 2,0%$(3,589) <br />Gross Effective I ncome :$170,464 <br />Administrative Annual <br />2,000$ <br />mt Fee co 6.0o/o 10.228$ <br />Administrative 17,000$ <br />Legal 4,000$ <br />Accountinq <br />200$ <br />Credit Checks 400$ <br />Leasing Fees $ <br />Other $ <br />Total Administrative:I 33,828 <br />Administrative Payroll $ <br />Maintenance 20,000$ <br />Fringe 15.0o/o 3,000$ <br />PayrollTaxes 7.65To 1,530$ <br />530 <br />a ntenance <br />Total <br />unit make <br />Repairs 5,000$ <br />Security $ <br />Grounds (landscaping, snow removal 3,000$ <br />Building supplies 1,500$ <br />Service contracts (HVAC)$ <br />Other <br />Total Maintenance:11,500$ <br />Operating: <br />Fuel (heating & hot water)$ <br />Electric $ <br />Water/Sewer 5,000$263
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