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rnancing Cost for Three Proposed Multifamily Projects rn` Indian River <br />with N;o Frnancral;Subsidies and 100%o Financin. g, <br />ProjectedFinancial Costs' <br />Mortgage Rate - Permanent <br />Indian River Homes <br />Blue Harbor. <br />Sebastian'sLanding <br />5.00%: <br />5:009/0:..::: <br />5.00% <br />Term (Years) <br />30 <br />30 <br />30 <br />Number of Units <br />46. <br />80 <br />108 <br />Acres <br />5.00 <br />9.09 <br />-10.95 <br />Units Per Acre <br />9.20 <br />8.80.; <br />9.86 <br />Total Development Cost <br />$10,643,056 <br />S1.8;690,262, - <br />$19,340,747 <br />Monthly Mortgage Payment <br />Per Unit Portion of Monthly Payment <br />$57,134 <br />......................... . <br />.$T00,333 <br />$103,825 <br />$ 1,242.05 <br />$1,25'4 17: <br />$961.35 <br />Estimated Per Unit Taxes <br />$83.24 <br />$83.24 <br />$83.24 <br />Subtotal[ <br />$1,325.29 <br />$1,337.41:: <br />$1,044.59 <br />Per Unit Monthly Landlord Insurance <br />$25.00- <br />Per Unit Monthly Management Fee (10% <br />of unit rent rate) <br />'$124 <br />$25.00 <br />$25.00 <br />Subtotal: <br />$1,474.50 <br />$1,487.83 <br />$1,165.72 <br />Monthly Per Unit Maintenance Cost (1.5 <br />times unit rent rate/12) <br />o"' SI e gfi : tgl ,ta%e <br />$184.31 <br />($106585 <br />$185:98 <br />isgoomign <br />$145.72 <br />Sample List of Occupations With <br />Annual Incomes Below $60,000 <br />5 <br />