INCOME & EXPENSE WORKSHEET
PROJECT NAME:
ADDRESS:
CITY / STATE / ZIP:
BORROWER NAME & PHONE:
ESTIMATE OF ANNUAL REVENUES	YEAR 1	YEAR 2	YEAR 3	APPRAISER	QUOTED "STREET" RENT
RENTAL INCOME	$	$	$	$	$
OTHER INCOME	$	$	$	$	$
GROSS INCOME POTENTIAL	$	$	$	$	$
LESS VACANCY	$	$	$	$	$
EFFECTIVE GROSS INCOME	$	$	$	$	$
ESTIMATE OF ANNUAL EXPENSES	YEAR 1	YEAR 2	YEAR 3	APPRAISER
ADMINISTRATIVE
1. ADVERTISING	$	$	$	$
2. MANAGEMENT FEE	$	$	$	$
3. OTHER	$	$	$	$
TOTAL ADMINISTRATIVE	$	$	$	$
OPERATING
5. ELEVATOR MAINTENANCE	$	$	$	$
6. FUEL - HEATING	$	$	$	$
7. FUEL - DOMESTIC HOTWATER	$	$	$	$
8. LIGHTING & MISC POWER	$	$	$	$
9. WATER	$	$	$	$
10. GAS	$	$	$	$
11. GARBAGE & TRASH REMOVAL	$	$	$	$
12. PAYROLL	$	$	$	$
13. OTHER	$	$	$	$
14. TOTAL OPERATING	$	$	$	$
MAINTENANCE
15. DECORATING	$	$	$	$
16. REPAIRS	$	$	$	$
17. EXTERMINATING	$	$	$	$
18. INSURANCE	$	$	$	$
19. GROUND EXPENSE	$	$	$	$
20. OTHER	$	$	$	$
21. TOTAL MAINTENANCE	$	$	$	$
REPLACEMENT RESERVES
22. REPLACEMENT RESERVE ANNUAL CONTRIBUTION	$	$	$	$
TAXES
23. REAL ESTATE TAXES	$	$	$	$
24. PERSONAL PROPERTY EST. ASSESS VALUE	$	$	$	$
25. EMPLOYEE PAYROLL TAX	$	$	$	$
26. OTHER	$	$	$	$
27. OTHER	$	$	$	$
28. TOTAL TAXES	$	$	$	$
29. TOTAL EXPENSES	$	$	$	$
(ADD LINES 4, 14, 21, 22 & 28)
NET OPERATING INCOME:	$	$	$	$

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