2002	2003	2004
Gross Incomehide
Executive Lots - Interior ( units)	$630,000	$987,000	$0
Executive Lots - Golf/Lake ( units)	$99,000	$396,000	$66,000
Prestige Lots - Interior ( units)	$148,000	$666,000	$148,000
Total Gross Income	$877,000	$2,049,000	$214,000
Less: Vacancy & Unit Sale Cost	$52,620	$122,940	$12,840
Effective Income	$824,380	$1,926,060	$201,160
Less: Expenseshide
Land	$1,050,000	$0	$0
Clearing & Grading	$59,429	$0	$0
Paving	$119,663	$0	$0
Curb & Gutter	$67,100	$0	$0
Sanitary Sewer	$160,554	$0	$0
Storm Sewer	$61,950	$0	$0
Water	$65,006	$0	$0
Entrance	$38,020	$0	$0
Power & Street Lighting	$9,402	$0	$0
Amenity	$285,150	$0	$0
Contingency	$35,000	$0	$0
Design	$37,500	$0	$0
Layout	$25,552	$0	$0
Taxes & Insurance	$11,000	$1,000	$0
Legal & Closing	$13,000	$0	$0
Appraisal	$5,000	$0	$0
Marketing & Advertising	$25,594	$38,391	$0
County Fees	$2,000	$0	$0
Development Fees	$55,000	$5,000	$0
Total Operating Expenses	$2,125,919	$44,391	$0
Net Operating Income	($1,301,539)	$1,881,669	$201,160
Add: Debt Draw & Repay	$515,021	($566,894)	$0
Cash Flow Before Tax	($786,518)	$1,314,775	$201,160