Self Storage Facility P&L

Self Storage Facility P&L

Annual income/expenses

$

% of gross income

Gross revenue all sources

$430,000

100%

Total income

$430,000

100%

Operating expenses

Accounting / legal

1,600

0.33

Advertising

19,600

4.31

Insurance

18,700

3.90

Maintenance

7,700

1.64

Payroll

Payroll Taxes

Postage

900

0.19

Real estate taxes

24,000

5.16

Telephone

4,800

1.03

Leasing fees

3,500

0.75

Supplies

2,400

0.52

Utilities

22,800

4.90

Trash Pick-up

1,100

0.23

Reserves

8,000

1.72

Lawn care

1,000

0.20

Misl

700

0.15

Management

38,000

7.90

Total

$154,400

35%

Loan

$830,000

Payments $7,500 per month

$90,000 per year

Operating profit

$275,600

Cash flow

$185,600