Mobile Home Park - Winchester, Indiana July 2, 2009

Countryview Estates Mobile Home Par 3233 US 27 N Winchester, Indiana 47394

John Desmond, OPHP

Property Photos Countryview Estates Mobile Home Par, 3233 US 27 N

Main Property Photo

Just north of Winchester

Consists of 7 units & building

Trailer 7 or G

Inside trailer 4

Inside trailer 5

Property Photos Countryview Estates Mobile Home Par, 3233 US 27 N

Inside trailer 7

Inside trailer 7

Back bedroom trailer 7

Trailer 4

Inside Trailer 1

Kitchen Trailer 1

Property Photos Countryview Estates Mobile Home Par, 3233 US 27 N

Kitchen Trailer 1

Countryview Estates Mobile Home Par 3233 US 27 N Winchester, Indiana 47394 Itemized Other Income and Detailed Expenses (Actual) Other Income -- Future years use year 5 data with a 5.00% annual escalator Other Income Year 1 Year 2 Year 3 Year 4 Vending snack machine Washers / Dryers Water, sewer, trash Phone service Camper revenue Satellite

Year 5

Utilities -- Future years use year 1 data with a 3.00% annual escalator Utilities Year 1 Electricity & Heating $420.00 Trash $910.00

Services Mowing

Services -- Future years use year 1 data with a 3.00% annual escalator Year 1 $400.00

Other Expenses -- Future years use year 1 data with a 3.00% annual escalator Other Expenses Year 1

The numbers on this document have been prepared based on information furnished by sources deemed reliable, however none of the information has been verified, and no representation or warranty, either express or implied, is made to its accuracy.

Countryview Estates Mobile Home Par 3233 US 27 N Winchester, Indiana 47394 Analysis Assumptions (Actual)

Appreciation

Future Value Escalator Year 1 Year 2 3.00 3.00

Year 3 3.00

Year 4 3.00

Income and Expense Escalators Gross Scheduled Income 5.00% Other Income 5.00% Expenses 3.00% Cost Recovery Period Improvements Years Personal Property Years Other Assumptions Vacancy Factor Tax Bracket Cost to Sell Property NPV Discount Rate

27.5 5.0

8.00% 28.00% 6.00% 10.00%

Investment Comparisons Bank CD Rate 1.90% Mutual Fund 5.00% The numbers on this document are approximations. They have been prepared based on information furnished by sources deemed reliable, however none of the information has been verified, and no representation or warranty, either express or implied, is made to its accuracy. This data should not be construed as a guaranty of future results. Consult your own legal, tax, and financial advisors in deciding whether this investment is appropriate.

John Desmond, OPHP

Countryview Estates Mobile Home Par 3233 US 27 N Winchester, Indiana 47394 Property Data Purchase Price Price Per Unit Rentable Sq Ft Price Per Sq Ft Taxes Insurance Roof # Electric Meters: 8

$89,900.00 $11,237.50 4,920 $18.27 $1,024.00 $495.00 Metal # Gas Meters: 8

Number of Units Year Built Current Occupancy Number of Buildings Number of Stories Zoning Land Area Parking Spaces

8 1970 63% 9 1 Commercial 56,875 16

Amenities and Features Located on 1.31 acres (56,875) consisting of two parcels 175x175' and 175x150'. Currently has 7 mobile homes (park owned) and one open space with all utilities. At the time of some of the older pictures, there were 8 mobile home trailers (there are 7 units, now) and a 2 car maintenance garage and pump house. The maintenance garage could be rented out, separately. Important Note: This park is not under Indiana Mobile Home Regulations due to the fact that the homes are on two lots and they are permanently mounted to the ground. Parks consisting of 4 trailers or less per lot are not under State jurisdiction. Therefore, they are Real Property. A letter from the State of Indiana stating this is available. The park had as many as 13 mobile homes located on this property. This could provide substantial additional income to the investor. It is anticipated in the cash flow analysis, that temporary camping could be established with laundry, shower, and beverage facilities to serve campers attending the races at the Winchester Speedway. Utilities - natural gas and electric are required to be in tenant's names. Water, sewer, and trash provided by park. However, this is another income potential. I have charged $30 per month for water, sewer and trash in the past. Water from well (low cost) and sewer is septic system. All three septic tanks were emptied on 8/2008. Tenants responsible for mowing own lawns. Additional potential income from the resale of satellite services, lawn mowing, DSL (internet), camping sites, laundry, vending machines and phone services. The construction of a storage facility at this location may, also, be a good revenue producing activity.

Operating Statement (Actual)

Financial Statistics (Actual)

Gross Scheduled Income $28,800.00 Vacancy % (Initial) 8.0 - Vacancy Loss $2,304.00 Monthly Income Per Unit $300.00 = Gross Effective Income $26,496.00 Monthly Income Per Sq Ft $0.49 + Other Income $0.00 Annual Expenses Per Unit $1,156.12 = Gross Operating Income $26,496.00 Annual Expenses per Sq Ft $1.88 - Total Operating Expenses $9,249.00 Gross Rent Multiplier 3.12 = Net Operating $17,247.00 Cap Rate The numbers on this Income document(NOI) are approximations. They have been prepared based on information furnished by sources deemed reliable, however19.18 none of% the information has been verified, and no representation or warranty, either express or implied, is made to its accuracy. This data should not be construed as a guaranty of future results. Consult your own legal, tax, and financial advisors in deciding whether this investment is appropriate.

John Desmond, OPHP

Countryview Estates Mobile Home Par 3233 US 27 N Winchester, Indiana 47394 Residential Unit Mix (Actual)

Unit Type 1A 2B 3C 4D 5E 6F 7G 8H

# of Type 1 1 1 1 1 1 1 1

Beds 2 2 2 2 2

Baths 1.00 1.00 1.00 1.00 1.00

Sq Ft 980 480 540 480 480

3 2

1.00 1.00

980 980

Rent / Unit / Month $350.00 $275.00 $350.00 $275.00 $275.00 $160.00 $370.00 $345.00

Rent / Sq Ft $0.36 $0.57 $0.65 $0.57 $0.57 $0.38 $0.35

The numbers on this document are approximations. They have been prepared based on information furnished by sources deemed reliable, however none of the information has been verified, and no representation or warranty, either express or implied, is made to its accuracy. This data should not be construed as a guaranty of future results. Consult your own legal, tax, and financial advisors in deciding whether this investment is appropriate.

Annual Property Operating Data (Actual) Year 1 Countryview Estates Mobile Home Par, 3233 US 27 N Annual Income Gross Scheduled Income - Vacancy = Effective Rental Income + Other Income = Gross Operating Income Annual Operating Expenses Taxes + Insurance + Property Management + Maintenance & Repair + Utilities + Services + Other Expenses = Annual Operating Expenses

$28,800.00 $2,304.00 $26,496.00 $0.00 $26,496.00

$1,024.00 $495.00 $0.00 $6,000.00 $1,330.00 $400.00 $0.00 $9,249.00

Net Operating Income Gross Operating Income - Annual Operating Expenses = Net Operating Income

$26,496.00 $9,249.00 $17,247.00

Annual Debt Service 1st Mortgage Principal and Interest

$5,741.83

Proposed Financing Purchase Price 1st Mortgage Points Interest Rate Amortized Over Term (Due Date)

$89,900.00 $71,920.00 0.0 7.000% 30.0 years 30.0 years

Initial Investment Purchase Price

$89,900.00

Down Payment + Closing Costs + Loan Points + Other Costs = Total Investment

$17,980.00 $0.00 $0.00 $0.00 $17,980.00

Indicators Cap Rate Gross Rent Multiplier Cash on Cash Debt Coverage Ratio Modified DCR Return on Gross Equity Year 1 IRR Before Tax

19.18% 3.12 63.99% 3.00 3.00 63.99% 52.15%

Annual Cash Flow Before Tax Net Operating Income $17,247.00 - Annual Debt Service $5,741.83 - Capital Additions $0.00 = Cash Flow Before Tax $11,505.17 Amenities and Features Located on 1.31 acres (56,875) consisting of two parcels 175x175' and 175x150'. Currently has 7 mobile homes (park owned) and one open space with all utilities. At the time of some of the older pictures, there were 8 mobile home trailers (there are 7 units, now) and a 2 car maintenance garage and pump house. The maintenance garage could be rented out, separately.

The numbers on this document are approximations. They have been prepared based on information furnished by sources deemed reliable, however none of the information has been verified, and no representation or warranty, either express or implied, is made to its accuracy. This data should not be construed as a guaranty of future results. Consult your own legal, tax, and financial advisors in deciding whether this investment is appropriate.

John Desmond, OPHP

3233 US 27 N Financing (Actual) PRICE Purchase Price Escalated Price (BOY) Escalated Price (EOY) Price Escalator: Appreciation

Year 1 $89,900.00 $89,900.00 $92,597.00 3.00 %

Year 2 $89,900.00 $92,597.00 $95,374.91 3.00 %

Year 3 $89,900.00 $95,374.91 $98,236.16 3.00 %

Year 4 $89,900.00 $98,236.16 $101,183.24 3.00 %

Year 5 $89,900.00 $101,183.24 $104,218.74 3.00 %

$17,980.00 +$0.00 +$0.00 +$0.00 =$17,980.00

$17,980.00 +$0.00 +$0.00 +$0.00 =$17,980.00

$17,980.00 +$0.00 +$0.00 +$0.00 =$17,980.00

$17,980.00 +$0.00 +$0.00 +$0.00 =$17,980.00

$17,980.00 +$0.00 +$0.00 +$0.00 =$17,980.00

1st MTG - Fxd, Fully Amortized Loan Amount Loan to Value (LTV) Amortization Period Term (Due Date) Points Interest Rate

$71,920.00 80.00 % 30.0 Yrs 30.0 Yrs % 7.000 %

$71,920.00 80.00 % 30.0 Yrs 30.0 Yrs % 7.000 %

$71,920.00 80.00 % 30.0 Yrs 30.0 Yrs % 7.000 %

$71,920.00 80.00 % 30.0 Yrs 30.0 Yrs % 7.000 %

$71,920.00 80.00 % 30.0 Yrs 30.0 Yrs % 7.000 %

Annual Principal + Annual Interest = Annual Debt Service

$730.57 +$5,011.26 =$5,741.83

$783.38 +$4,958.44 =$5,741.83

$840.01 +$4,901.81 =$5,741.83

$900.74 +$4,841.09 =$5,741.83

$965.85 +$4,775.97 =$5,741.83

Loan Balance (BOY) - Annual Principal = Loan Balance (EOY)

$71,920.00 -$730.57 =$71,189.43

$71,189.43 -$783.38 =$70,406.05

$70,406.05 -$840.01 =$69,566.03

$69,566.03 -$900.74 =$68,665.29

$68,665.29 -$965.85 =$67,699.44

PRINCIPAL TRACKING 1st Mortgage Loan Amount - 1st Mortgage Loan Balance (EOY) = Principal Paid (Interest Deferred)

$71,920.00 -$71,189.43 =$730.57

$71,920.00 -$70,406.05 =$1,513.95

$71,920.00 -$69,566.03 =$2,353.97

$71,920.00 -$68,665.29 =$3,254.71

$71,920.00 -$67,699.44 =$4,220.56

INITIAL INVESTMENT Down Payment + Closing Costs + Loan Points + Other Costs = Total Investment

Please Note The numbers on this document have been prepared based on information furnished by sources deemed reliable, however none of the information has been verified, and no representation or warranty, either express or implied, is made to its accuracy.

John Desmond, OPHP

3233 US 27 N Before-Tax Cash Flow (Actual) ANNUAL INCOME Gross Scheduled Income - Vacancy = Effective Rental Income + Other Income = Gross Operating Income ANNUAL OPERATING EXPENSES Taxes + Insurance + Property Management + Maintenance & Repair + Utilities + Services + Other Expenses = Annual Operating Expenses NET OPERATING INCOME Gross Operating Income - Annual Operating Expenses = Net Operating Income ANNUAL DEBT SERVICE Principal and Int. 1st Mortgage + Principal and Int. 2nd Mortgage + Principal and Int. 3rd Mortgage = Annual Debt Service ANNUAL CASH FLOW BEFORE TAX Net Operating Income - Annual Debt Service - Capital Additions = Annual Cash Flow Before Tax

Year 1 $28,800.00 -$2,304.00 =$26,496.00 +$0.00 =$26,496.00

Year 2 $30,240.00 -$2,419.20 =$27,820.80 +$0.00 =$27,820.80

Year 3 $31,752.00 -$2,540.16 =$29,211.84 +$0.00 =$29,211.84

Year 4 $33,339.60 -$2,667.17 =$30,672.43 +$0.00 =$30,672.43

Year 5 $35,006.58 -$2,800.53 =$32,206.05 +$0.00 =$32,206.05

$1,024.00 +$495.00 +$0.00 +$6,000.00 +$1,330.00 +$400.00 +$0.00 =$9,249.00

$1,054.72 +$509.85 +$0.00 +$6,180.00 +$1,369.90 +$412.00 +$0.00 =$9,526.47

$1,086.36 +$525.15 +$0.00 +$6,365.40 +$1,411.00 +$424.36 +$0.00 =$9,812.26

$1,118.95 +$540.90 +$0.00 +$6,556.36 +$1,453.33 +$437.09 +$0.00 =$10,106.63

$1,152.52 +$557.13 +$0.00 +$6,753.05 +$1,496.93 +$450.20 +$0.00 =$10,409.83

$26,496.00 -$9,249.00 =$17,247.00

$27,820.80 -$9,526.47 =$18,294.33

$29,211.84 -$9,812.26 =$19,399.57

$30,672.43 -$10,106.63 =$20,565.80

$32,206.05 -$10,409.83 =$21,796.22

$5,741.83 +$0.00 +$0.00 =$5,741.83

$5,741.83 +$0.00 +$0.00 =$5,741.83

$5,741.83 +$0.00 +$0.00 =$5,741.83

$5,741.83 +$0.00 +$0.00 =$5,741.83

$5,741.83 +$0.00 +$0.00 =$5,741.83

$17,247.00 -$5,741.83 -$0.00 =$11,505.17

$18,294.33 -$5,741.83 -$0.00 =$12,552.50

$19,399.57 -$5,741.83 -$0.00 =$13,657.74

$20,565.80 -$5,741.83 -$0.00 =$14,823.97

$21,796.22 -$5,741.83 -$0.00 =$16,054.39

Please Note The numbers on this document have been prepared based on information furnished by sources deemed reliable, however none of the information has been verified, and no representation or warranty, either express or implied, is made to its accuracy.

John Desmond, OPHP

3233 US 27 N After-Tax Cash Flow (Actual) ANNUAL CASH FLOW BEFORE TAX Gross Scheduled Income - Vacancy = Effective Rental Income + Other Income = Gross Operating Income - Annual Operating Expenses = Net Operating Income - Annual Debt Service - Capital Additions = Annual Cash Flow Before Tax

Year 1 $28,800.00 -$2,304.00 =$26,496.00 +$0.00 =$26,496.00 -$9,249.00 =$17,247.00 -$5,741.83 -$0.00 =$11,505.17

Year 2 $30,240.00 -$2,419.20 =$27,820.80 +$0.00 =$27,820.80 -$9,526.47 =$18,294.33 -$5,741.83 -$0.00 =$12,552.50

Year 3 $31,752.00 -$2,540.16 =$29,211.84 +$0.00 =$29,211.84 -$9,812.26 =$19,399.57 -$5,741.83 -$0.00 =$13,657.74

Year 4 $33,339.60 -$2,667.17 =$30,672.43 +$0.00 =$30,672.43 -$10,106.63 =$20,565.80 -$5,741.83 -$0.00 =$14,823.97

Year 5 $35,006.58 -$2,800.53 =$32,206.05 +$0.00 =$32,206.05 -$10,409.83 =$21,796.22 -$5,741.83 -$0.00 =$16,054.39

REAL ESTATE TAXABLE INCOME Net Operating Income - Interest 1st Mortgage - Interest 2nd Mortgage - Interest 3rd Mortgage - Points Amortization - Cost Recovery (Improvements) - Cost Recovery (Personal) - Cost Recovery (Cap. Add.) = R.E. Taxable Income (Loss)

$17,247.00 -$5,011.26 -$0.00 -$0.00 -$0.00 -$0.00 -$0.00 -$0.00 =$12,235.74

$18,294.33 -$4,958.44 -$0.00 -$0.00 -$0.00 -$0.00 -$0.00 -$0.00 =$13,335.89

$19,399.57 -$4,901.81 -$0.00 -$0.00 -$0.00 -$0.00 -$0.00 -$0.00 =$14,497.76

$20,565.80 -$4,841.09 -$0.00 -$0.00 -$0.00 -$0.00 -$0.00 -$0.00 =$15,724.71

$21,796.22 -$4,775.97 -$0.00 -$0.00 -$0.00 -$0.00 -$0.00 -$0.00 =$17,020.25

$3,426.01

$3,734.05

$4,059.37

$4,402.92

$4,765.67

$11,505.17 -$3,426.01 =$8,079.16

$12,552.50 -$3,734.05 =$8,818.45

$13,657.74 -$4,059.37 =$9,598.37

$14,823.97 -$4,402.92 =$10,421.05

$16,054.39 -$4,765.67 =$11,288.72

TAX LIABILITY (SAVINGS) Tax Liability (Savings) @ 28.00% ANNUAL CASH FLOW AFTER TAX Annual Cash Flow Before Tax - Tax Liability (Savings) @ 28 % = Cash Flow After Tax Please Note

The numbers on this document have been prepared based on information furnished by sources deemed reliable, however none of the information has been verified, and no representation or warranty, either express or implied, is made to its accuracy.

John Desmond, OPHP

3233 US 27 N After-Tax Proceeds from Sale (Actual) SALES PROCEEDS BEFORE TAX Sale Price (EOY) - Cost of Sale @ 6.00% - 1st Mortgage Loan Balance - 2nd Mortgage Loan Balance - 3rd Mortgage Loan Balance = Sale Proceeds before Tax

Year 1 $92,597.00 -$5,555.82 -$71,189.43 -$0.00 -$0.00 =$15,851.75

Year 2 $95,374.91 -$5,722.49 -$70,406.05 -$0.00 -$0.00 =$19,246.37

Year 3 $98,236.16 -$5,894.17 -$69,566.03 -$0.00 -$0.00 =$22,775.96

Year 4 $101,183.24 -$6,070.99 -$68,665.29 -$0.00 -$0.00 =$26,446.95

Year 5 $104,218.74 -$6,253.12 -$67,699.44 -$0.00 -$0.00 =$30,266.18

BASIS AT ACQUISITION Purchase Price + Capitalized Closing Costs + Basis Adjustments = Basis at Acquisition

$89,900.00 +$0.00 +$0.00 =$89,900.00

$89,900.00 +$0.00 +$0.00 =$89,900.00

$89,900.00 +$0.00 +$0.00 =$89,900.00

$89,900.00 +$0.00 +$0.00 =$89,900.00

$89,900.00 +$0.00 +$0.00 =$89,900.00

$0.00 +$0.00 +$0.00 =$0.00 =$0.00

$0.00 +$0.00 +$0.00 =$0.00 =$0.00

$0.00 +$0.00 +$0.00 =$0.00 =$0.00

$0.00 +$0.00 +$0.00 =$0.00 =$0.00

$0.00 +$0.00 +$0.00 =$0.00 =$0.00

$89,900.00 +$0.00 -$0.00 =$89,900.00

$89,900.00 +$0.00 -$0.00 =$89,900.00

$89,900.00 +$0.00 -$0.00 =$89,900.00

$89,900.00 +$0.00 -$0.00 =$89,900.00

$89,900.00 +$0.00 -$0.00 =$89,900.00

GAIN (LOSS) ON SALE Sale Price - Cost of Sale @ 6.00% - Adjusted Basis at Sale = Total Gain (Loss) - Total Cost Recovery Taken (LTG) = Capital Gain from Apprec. (Min 0)

$92,597.00 -$5,555.82 -$89,900.00 =($-2,858.82) -$0.00 =$0.00

$95,374.91 -$5,722.49 -$89,900.00 =($-247.58) -$0.00 =$0.00

$98,236.16 -$5,894.17 -$89,900.00 =$2,441.99 -$0.00 =$2,441.99

$101,183.24 -$6,070.99 -$89,900.00 =$5,212.25 -$0.00 =$5,212.25

$104,218.74 -$6,253.12 -$89,900.00 =$8,065.61 -$0.00 =$8,065.61

TAXED AS ORDINARY INCOME Unamortized Loan Points + Suspended Losses (from ATCF) + Loss at Disposition = Taxed as Ordinary Income

$0.00 +$0.00 +($-2,858.82) =($-2,858.82)

$0.00 +$0.00 +($-247.58) =($-247.58)

$0.00 +$0.00 +$0.00 =$0.00

$0.00 +$0.00 +$0.00 =$0.00

$0.00 +$0.00 +$0.00 =$0.00

SALES PROCEEDS AFTER TAX Sale Proceeds before Tax - Tax (Savings) Ord. Inc. @ 28.00% - Tax on Cost Recovery @ 25.00% - Federal Tax on Gain @ 15.00% - State Tax on Gain @ % = Sale Proceeds after Tax

$15,851.75 -($-800.47) -$0.00 -$0.00 -$0.00 =$16,652.22

$19,246.37 -($-69.32) -$0.00 -$0.00 -$0.00 =$19,315.69

$22,775.96 -$0.00 -$0.00 -$366.30 -$0.00 =$22,409.66

$26,446.95 -$0.00 -$0.00 -$781.84 -$0.00 =$25,665.12

$30,266.18 -$0.00 -$0.00 -$1,209.84 -$0.00 =$29,056.33

COST RECOVERY (CR) Annual CR (Improvements) + Annual CR (Personal) + Annual CR (Cap. Add.) = Annual Cost Recovery Taken = Total Cost Recovery Taken ADJUSTED BASIS AT SALE At Beginning of Year + Annual Capital Additions - Annual Cost Recovery Taken = Adjusted Basis at Sale

Please Note The numbers on this document have been prepared based on information furnished by sources deemed reliable, however none of the information has been verified, and no representation or warranty, either express or implied, is made to its accuracy.

John Desmond, OPHP

3233 US 27 N Equity (Actual) GROSS EQUITY AT PURCHASE Down Payment = Gross Equity at Purchase

Year 1 $17,980.00 =$17,980.00

Year 2 $17,980.00 =$17,980.00

Year 3 $17,980.00 =$17,980.00

Year 4 $17,980.00 =$17,980.00

Year 5 $17,980.00 =$17,980.00

GROSS EQUITY Gross Equity (BOY) + Appreciation Equity + Principal Paydown Equity = Gross Equity (EOY)

$17,980.00 +$2,697.00 +$730.57 =$21,407.57

$21,407.57 +$2,771.17 +$783.38 =$24,962.12

$24,962.12 +$2,854.30 +$840.01 =$28,656.44

$28,656.44 +$2,939.93 +$900.74 =$32,497.11

$32,497.11 +$3,028.13 +$965.85 =$36,491.09

GROSS EQUITY PLUS RESERVES Gross Equity (EOY) + Reserve Balance = Total Gross Equity

$21,407.57 +$0.00 =$21,407.57

$24,962.12 +$0.00 =$24,962.12

$28,656.44 +$0.00 =$28,656.44

$32,497.11 +$0.00 =$32,497.11

$36,491.09 +$0.00 =$36,491.09

$11,505.17 $21,407.57 =53.74 %

$12,552.50 $24,962.12 =50.29 %

$13,657.74 $28,656.44 =47.66 %

$14,823.97 $32,497.11 =45.62 %

$16,054.39 $36,491.09 =44.00 %

NET EQUITY (EOY) Total Gross Equity - Cost of Sale @ 6.00% = Net Equity

$21,407.57 -$5,555.82 =$15,851.75

$24,962.12 -$5,722.49 =$19,239.63

$28,656.44 -$5,894.17 =$22,762.27

$32,497.11 -$6,070.99 =$26,426.11

$36,491.09 -$6,253.12 =$30,237.97

INDICATORS Cap Rate Gross Rent Multiplier Cash on Cash Debt Coverage Ratio Modified DCR IRR Before Tax IRR After Tax NPV After Tax

19.18 % 3.12 63.99 % 3.00 3.00 52.15 % 37.55 % $4,503.08

19.76 % 3.06 69.81 % 3.19 3.19 68.76 % 49.56 % $12,616.06

20.34 % 3.00 75.96 % 3.38 3.38 72.52 % 53.02 % $20,700.78

20.94 % 2.95 82.45 % 3.58 3.58 73.45 % 54.10 % $28,511.42

21.54 % 2.89 89.29 % 3.80 3.80 73.57 % 54.37 % $36,032.90

RETURN ON GROSS EQUITY (EOY) Annual Cash Flow Before Tax div Total Gross Equity = Return on Gross Equity

Please Note The numbers on this document have been prepared based on information furnished by sources deemed reliable, however none of the information has been verified, and no representation or warranty, either express or implied, is made to its accuracy.

John Desmond, OPHP

3233 US 27 N Annual Values (Actual) This chart shows annual values on a $17,980 investment in the property at 3233 US 27 N over a period of 5 years.

The lower chart axis is years. Future assumptions have been factored in. See the spreadsheet for raw data.

The numbers on this document are approximations. They have been prepared based on information furnished by sources deemed reliable, however none of the information has been verified, and no representation or warranty, either express or implied, is made to its accuracy. This data should not be construed as a guaranty of future results. Consult your own legal, tax, and financial advisors in deciding whether this investment is appropriate.

John Desmond, OPHP

3233 US 27 N Investment Comparison (Actual) This chart compares the return on a $17,980 investment in the property at 3233 US 27 N with a Bank CD at 1.9% and a Mutual Fund at 5.0% over a period of 5 years.

The lower chart axis is years. Future assumptions have been factored in. See the spreadsheet for raw data.

The numbers on this document are approximations. They have been prepared based on information furnished by sources deemed reliable, however none of the information has been verified, and no representation or warranty, either express or implied, is made to its accuracy. This data should not be construed as a guaranty of future results. Consult your own legal, tax, and financial advisors in deciding whether this investment is appropriate.

John Desmond, OPHP