LAZY OAKS RESORT

INCOME AND EXPENCE REPORT

Insurance $6500.00 yr

Water testing                        $160.00yr

Elec./Gas/garbage $27,600.00yr

RV/Mobile Permit       $100.00yr

Fishing Permit     $100.00yr

Lazy Oaks Resort Inc. $150.00yr

Property Taxes                    $17,000.00yr

Vacancy average                    15%

Misc.                                      $1,000.00yr

  

   TOTAL      $ 37,310.00

Additional Income

22 Boat slips Avail             $30.00-$45.00 monthly

Improvemets & Betterments

Remodeling units 1,2,4,9,11,12,15,16,18,with new kitchen

sinks,cabinets,bath, carpet,tile wood flooring,an paint.

$10,000 in new gas plumbing 2007 Drainfeilds replace,

new septic system unit 18

Most rents collected weekly some monthly.

Lot     Type of Rental     Weekly Rental

#                  Unit                         Income    

12/1 HOUSE                            $225.00

2 EFFICIENCY COTTAGE $150.00

3 EFFICIENCY COTTAGE $150.00

4 EFFICIENCY COTTAGE $150.00

5 EFFICIENCY COTTAGE $150.00

6 EFFICIENCY COTTAGE $150.00

7 EFFICIENCY COTTAGE $150.00

8 EFFICIENCY COTTAGE $175.00

9 EFFICIENCY COTTAGE $150.00

10 1/1 TRAILER                    $150.00

11 1/1 COTTAGE       $200.00

12 1/1 COTTAGE                  $200.00

14 1/1 COTTAGE                  $200.00

15 1/1 COTTAGE                  $175.00

16 1/1 COTTAGE                             $175.00

17 2/1 TRAILER                    $200.00

18           LAKE FRONT COTTAGE       $250.00

19 1/1 TRAILER                    $175.00

20 1/1 TRAILER                    $200.00

21 1/1 CAMPER                    $125.00

22 LOT RENT -          $100.00

23 1/1 TRAILER                    $200.00

24 PROPERTY MGR           $N/A

25 1/1 TRAILER                    $200.00

26 1/1 TRAILER                    $125.00

2750      5/2 HOUSE -          $300.00                     

                                                     WEEKLY  TOTAL      $3,875.00

                                               YEARLY    TOTAL     $201,500.00