1 Comparable Improved Sale Adjustment Grid 2 3 4 5 Sale Price 6 Units 7 Sale Price/Unit 8 9 Adjustments Subject 1 2 3 4 5 6 8 6 $250,000 15 $200,000 5 $206,000 $1,500,000 $3,000,000 $1,030,000 $1,775,000 $1,975,000 $3,600,000 9 17 $219,444 $211,765 9 $197,222 10 Property Rights Conveyed leased fee leased fee leased fee leased fee leased fee leased fee 11 Adjustment $0 $0 12 Adjusted Sale Price/Unit $250,000 $200,000 $0 $206,000 $0 $0 $197,222 $219,444 $0 $211,765 13 14 Financing (Cash Equivalency) Favorable Market Market Market Market Market 15 Adjustment 16 Adjusted Sale Price/Unit 17 $0 $250,000 $0 $0 $200,000 $206,000 $0 $197,222 $0 $219,444 $0 $211,765 18 Conditions of Sale Typical Typical Typical REO REO Listing 19 Adjustment $0 $0 20 Adjusted Sale Price/Unit $250,000 $200,000 $0 $206,000 $0 $0 0.00% $197,222 $219,444 $211,765 21 Expenditures made immediately after sale Typical 22 Deferred Maintenance Typical Typical Typical Typical 23 Adjustment $0 $0 24 Adjusted Sale Price/Unit $250,000 $200,000 $0 $206,000 $197,222 $0 $0 $219,444 $0 $211,765 25 26 Market Conditions (Date of Sale 1/1/2020) 11/7/19 27 Adjustment 0.00% 28 Adjusted Sale Price/Unit $250,000 11/19/19 0.00% $200,000 10/26/19 0.00% $206,000 8/3/19 6/10/19 Listing 0.00% $197,222 0.00% $219,444 0.00% $211,765 29 30 Physical Adjustments 31 Location 0% 0% 0% 0% 0% 32 No. of Units 8 0% 0% 0% 0% 0% 33 Average Unit Size 695 0% 0% 0% 0% 0% 34 Age/Condition/Quality 1955 0% 0% 0% 0% 0% 35 Amenities None 0% 36 Total Rooms 3.50 0% 37 Parking 0.83 spaces/unit 0% 38 Net Adjustment 0% 0% 39 Gross Adjustment 0% 0% de de de de de 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 40 Adjusted Sale Price/Unit $250,000 $200,000 $206,000 $197,222 0% $219,444 0% $211,765 41 42