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Name Bridford Aparments Name Bridford Apartments
Extra monthly rent $105 for a Drive-in Garage
# of Units 320 for Parking? (Area: 20'x12')
Attractive (Gated Fence w/
Location Rating- possibility of Guard) setting
Feel on Bridford Rd. Percent Occupancy 96.90%
Surrounded with eateries and
shopping (Walmart,Kmart, Harris
Teeter,Fine Cuisine)
Location Rating- Location @ Wendover & Bridford
Lifestyle w/in 5 mins of I-40 Year Built 1998
Attractive brick w/ siding, well-
maintained, Well Light, Cement
Stairwells, nicely landscaped
grounds w/ shrubbery covering
Property Appeal - utilities, newly planted trees,
Exterior Abundant Parking Concessions? None
Excellent.Small lounge area
furnished, Exercise Room overlooks
pool, which overlooks small lake.W/ Full Cookout Area w/
a lounge area that overlooks lake benches. Central Wash/Dry
Property Appeal - beyond pool & a small pier leading Area with 8 Units, 2 Folding
to the gazebo which overlooks the Tables & "Key Card Entry".
Units and Common lake. Well-maintained. Plentiful Distributed Trash Cans for
areas seating outside w/ tables. Dog "Duties"
"Small Town" gated feeling with
generous space. 8 units overlook
lake. Multiple Play areas.
View Sidewalks throughout.
Unusual & significant features
Utilities (relative to Property & Location):
Who pays heat? tenant Community Room 1
Yes, Not heated,
Electric? tenant Swimming Pool but has a Jacuzzi
2 treadmill, 3 bikes,
2 Stairmasters,
& 6 Weight Lifting Machines,
Water? tenant Exercise room + TV
Rent Rates
1 Bedroom $700
S.F. 920 Other
$/sq. ft. $0.76 Play Area 1
2 Bedroom $850 Tennis Court 1
S.F. 1073 Patio Sq Ft (3ftx5ftx6ft)
Tenant may bring Own, or
$/sq. ft. $0.79 Washer/Dryer Rent for $35/month
Under 20lbs $250,
21lbs or more $350
3 Bedroom 975 Pet Fee (One-time Non-refundable)
1 ($.75 Vacuum, Water
Hoses: Two open garage
S.F. 1434 Car Care Center drive-ins)
$/sq. ft. $0.68 Putt Practice Area, Volleyball Court
Deposit $250
Comparables: Market Rent of Subject Property based on Comparables
100 North Main Rent Study
Rent Study
Havenwood Havenwood
River's Edge- Washington Historic Fox River River Place - Heights - Heights IV - Rivers Edge - Main Street Plaza -
Name Green Bay Square-Green Bay Mills - Appleton Oshkosh Oshkosh Oshkosh Waukesha Waukesha
1 Bedroom $700 #REF! #REF! #REF! NA $0 $0 $0
Appeal of
Neighborhood $25 ($40) ($50) $25 $0 $0 $0
Value of River
Appeal of the ($25) ($25) ($25) ($40) $35 ($50) $0
building and
grounds
(indoor and
exterior,
excluding
amenities but
accounting for
age) $20 $0 $0 $20 $0 $0 $0
Amenities $10 $0 $20 $20 $10 $20 $20
Indoor parking $30 $0 $0 $0 $0 $0 $30
Highrise floor
adjustment $0 $0 $0 $0 $0 $0 $0
Size of Units $30 $0 $0 ($20) $10 $0 ($10)
General Rents
in the Overall
Community $0 $0 $0 $0 ($100) ($100)
Adjusted Market
Rent $790 #REF! #REF! #REF! $55 ($130) ($60)
Adjusted Market
Rent Including 3%
Inflation $814 #REF! #REF! #REF! $57 ($134) ($62)
2 Bedroom $850 #REF! #REF! #REF! #REF! $0 $0 NA
Appeal of
Neighborhood $25 ($40) ($50) $25 $0 $0 $0
Value of River
Appeal of the ($25) ($25) ($25) ($40) $35 $35 ($50)
building and
grounds
(indoor and
exterior,
excluding
amenities but
accounting for
age) $20 $0 $0 $20 $0 $0 $0
Amenities $10 $0 $20 $20 $10 $10 $20
Indoor parking $30 $0 $0 $0 $0 $0 $0
Highrise floor
adjustment $0 $0 $0 $0 $0 $0 $0
Size of Units $50 $0 $40 $10 ($10) $10 $0
General Rents
in the Overall
Community $0 $0 $0 $0 $0 $0 ($150)
Adjusted Market
Rent $960 #REF! #REF! #REF! #REF! $55 ($180)
Adjusted Market
Rent Including 3%
Inflation $989 #REF! #REF! #REF! #REF! $57 ($185)
3 Bedroom NA NA #REF! NA NA NA NA NA
Appeal of
Neighborhood ($50)
Value of River
Appeal of the ($25)
building and
grounds
(indoor and
exterior,
excluding
amenities but
accounting for
age) $0
Amenities $20
Indoor parking $0
Highrise floor
adjustment $0
Size of Units $0
Adjusted Market
Rent #REF!
Adjusted Market
Rent Including 3%
Inflation #REF!
Information believed to be accurate but is not guaranteed.
Adjusted Market Rents (Including a 3% inflation adjustment)
100 North Main, Oshkosh Rent Study
The adjusted market rents below list the theoretical market rents of 100 N. Main, based on adjusting the rents of each of the properties.
Washington Historic Fox Havenwood Havenwood Main Street
River's Edge- Square-Green River Mills - River Place - Heights - Heights IV - Rivers Edge - Plaza -
Name Green Bay Bay Appleton Oshkosh Oshkosh Oshkosh Waukesha Waukesha Avg.or Mean
1 Bedroom $814 #REF! #REF! #REF! $57 ($134) ($62) #REF!
2 Bedroom $989 #REF! #REF! #REF! #REF! $57 ($185) #REF!
3 Bedroom #REF! #REF!
Information believed to be accurate but is not guaranteed.
Adjusted Market Rents vs Projected Rents
100 North Main
Average of
Adjusted Projected Variance
Market Subject vs.
Bedrooms Rents Rents Average
1 #REF! $775 #REF!
2 #REF! $1,075 #REF!
3 #REF! $1,225 #REF!
Notes:
1. Because 100 N. Main will be ready for leasing in one year,
a 3% inflation adjustment has been added to adjusted market rents
2. Please see "Adjusted Market Rents (including a 3% inflation adjustment)"
and "Comparables" worksheets
for calculation details.
3. At this time, the developers anticipate charging the above projected Subect Rents
Information believed to be accurate but is not guaranteed.
Quick and Dirty Valuation based on Rent Study Figures
100 N. Main
Adjusted
Market Rent
# of including 3%
Bedrooms Bedrooms appreciation
1 15 #REF! #REF!
2 25 #REF! #REF!
3 22 #REF! #REF!
Total Apartment Rent #REF!
Other Income $2,400
Vacancy #REF! #REF!
Expenses #REF! 35.00%
Commercial Income $175,476
Commercial Vacancy -$18,425 10.50%
NOI B-4 Debt #REF!
Cap Rate 8.25%
Value #REF!
Mortgage @ LTV 80.00% #REF!
Equity #REF!
Note: Market Rents are an average of the average and median rents
Information believed to be accurate but is not guaranteed.
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