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<br />E 14th and Estabrook
<br />Senior Apartments
<br />Bond-51 Units
<br />
<br />l1_Jul-07
<br />
<br />
<br />(10m TCAC)
<br />
<br />TOTAL EFFECTI.....E GROSS INCOME
<br />
<br />OPERATING EXPENSES
<br />TOTAL OPER EXP
<br />
<br />NET OPERATING INCOME Ibftforft
<br />r"5..rved..po..lt)
<br />
<br />RESERVES
<br />Armual RE'serve DepoSit
<br />Re-pJi'lCemenl les <::,,1<::
<br />
<br />ANNUAL CASH FLOW FROM PROPERTY
<br />
<br />less o"r,.,IIOO O"'velopaf Fee
<br />less ParlnelsrupMiYlagemoot fee
<br />I"ss Inveslor Servlce~ F"",
<br />
<br />~jEl ANtJUA.L (ASH FLOV\! AFTER ALL LOANS
<br />
<br />Eden Housing, Inc.
<br />409 Jackson Street
<br />Hayward, CA 94544
<br />(510) 582-14GO
<br />
<br />~,EGI
<br />90.27'/,
<br />
<br />060%
<br />59.311
<br />
<br /> Attachment B: Cash Flow Analysis
<br /> 41.019 Site SF Annulll E~cllJatlon~
<br /> O,!}.4A<:,u Reslncom" 300% perMl'1um
<br /> OD.U.lA.<.r. Com Incom" 0,00% per 5 year
<br /> 51 D,U.(H\UIIij
<br /> 28,957 RukhlllUolBf YEAR YEAR YEAR
<br /> o Corn-nrm,chikl " " 30
<br /> 1&9.040 162,781 167,665 172,695 177,875 183.212 188.708 194,369 200,200 206,206 239,050 372,432
<br /> 175.543 190,705 207.315 245,415 303.776 581,025
<br /> 5.00% (16,916) (22.581) (27,141) (47,673)
<br /> ~7 per unilpe-r monltl 4,413 5,427 5,590 6,480 10,096
<br /> 0 0 0 0 0 0 0 0 0 0 0 0
<br /> 314.466 325,ll21 337,62.9 349,911 362,683 375,9lt6 389,781 404,149 419,090 434,630 522,164 915,879
<br /> 2ll3,866 295,221 307,029 319,311 332,Oll3 3"5,366 359,181 37J,5A.8 388,4!W A()4,03D 491,564 835,279
<br /> 30,600 30,600 30,600 30,600 30,600 30,600 30,600 30.600 30,600 30 ,600 30,600 30,600
<br />775 ~600lper Unit 30.600 30.600 30,600 30,600 30,600 30.600 30,600 30.600 30,600 30,600 30,600 30,600
<br /> (0) (0) (0) (0) (0) (0)
<br /> (0) (0)
<br /> Capitalizoo reserve 25,000 25.000 25,000
<br /> Capllalized tese.rve 3,500 3,500 3,500
<br />
<br />V:\De-pallrMnl~\Propos~s\Sar'l LeandlD Ser'llOl\Currenl Pro[ormll\PROFORMA [Of SL Seni0f6-26-07
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