Free Real Estate Expense Statement Template
Real Estate Expense Statement
Property Name: Greenview Apartments
Property Address: 123 Greenview Lane, Springfield, IL 62704
Owner Name: Camille Ford
Statement Period: From January 1, 2085 to December 31, 2085
1. Income
|
Description |
Amount ($) |
|---|---|
|
Rent Income (12 Units @ $1,200/month) |
$172,800 |
|
Other Income (Parking Fees) |
$5,000 |
|
Other Income (Laundry Fees) |
$2,500 |
|
Total Income |
$180,300 |
2. Expenses
|
Description |
Amount ($) |
|---|---|
|
Mortgage Payments (Annual) |
$36,000 |
|
Property Taxes |
$6,500 |
|
Insurance |
$2,000 |
|
Maintenance & Repairs |
$10,000 |
|
Utilities (Water, Electricity, Gas) |
$18,000 |
|
Management Fees |
$8,500 |
|
Advertising & Marketing |
$1,200 |
|
Legal & Accounting Fees |
$3,000 |
|
Property Improvements (New Roof) |
$15,000 |
|
Other Expenses (Landscaping) |
$2,000 |
|
Total Expenses |
$102,200 |
3. Net Operating Income (NOI)
Total Income - Total Expenses = $180,300 - $102,200 = $78,100
4. Additional Notes or Comments:
-
A new roof was installed in May 2085 to address ongoing leaks, increasing the property's value.
-
A marketing campaign for vacant units was successful in attracting new tenants in June 2085.
-
Utilities expense increased due to water conservation system installation, which is expected to reduce costs in the future.
Prepared By: [Your Name]
Date: January 15, 2086
