CASH FLOW ANALYSIS

	Gross Income:
		Estimated Annual Gross Income		
		Other Income		
		Total Gross Income		
		Less Vacancy Allowance		
		Effective Gross Income		

	Expenses:
		Taxes		
		Insurance		
		Water/Sewer		
		Garbage		
		Electricity		
		Licenses		
		Advertising		
		Supplies		
		Maintenance		
		Lawn		
		Snow Removal		
		Pest Control		
		Management (Off Site)		
		Management (On Site)		
		Accounting/Legal		
		Miscellaneous		
		Gas		
		Telephone		
		Pool		
		Elevator		
		Budget For Replacements		

		Total Expenses		
		
		Net Operating Income		

	Debt Service:
		1st Mortgage		
		2nd Mortgage		
		3rd Mortgage		

		Total Debt Service		

	Cash Flow: