FINANCIAL PROFORMA 4607 TYLER STREET NE - 4-PLEX, 2 BR COLUMBIA HEIGHTS, MN REVENUES Rental Income 12 x 4 x $350 = $16,800 Laundry Income 600 Total $17,400 EXPENSES Loan $160,000@8%@30yrs $13,200 Legal/Accounting 600 MgtFee 1,200 Garbage 600 Utilities 2,600 Water/Sewer 1,000 Repairs/Maintenance 2,500 Supplies - Plowing/Mowing 2,500 Taxes 2,000 Misc (5%) 300 Total $26,500 Net Income ($ 8,800) One of the difficulties in providing affordable housing is the rising cost of expenses, not to mention keeping revenues at rates people can pay. What could you do here to balance the proforma?