create a tax flow using the procided information.

PM 3674 - Property Budget Plan Project Your property management company (insert name here) has been retained by Baxter Realty for third party property management services. Baxter Realty has just purchased The Bella Brava, a community consisting of 3 buildings with 395 apartment homes in total surrounding a central courtyard centrally located in Arlington, VA. The apartment community and some neighboring area details are below: - 3101br,1ba apartment homes currently rented for $1,410/mo. - 402br,2ba apartment homes currently rented for $1,520/mo. - 45 3br, 2ba apartment homes currently rented for $1,630/mo. - 0\% vacancy - Although there is very limited parking in the area, residents are not charged for parking - Currently, the residents can reserve the clubhouse free of charge - There are 190 storage lockers on the ground floor which are currently complimentary to residents on a first-come first-serve basis - Cats and dogs weighing less than 50lbs. are welcome but are subject to a $140 non-refundable fee upon lease execution. Currently, there are 119 non-refundable fees collected for this year. No other pet fees are charged. - Average monthly operating expenses are: legal, \$1,760, maintenance \& repairs, $21,100, marketing, $5,700, payroll $22,140, landscaping, $3,800, pest control, $1,850, trash removal, $1,475, supplies, $965, telephone and internet, $2,820, electricity, $15,800 water & sewer, $7,800. heating fuel, $14,990 - Current management fee is 4% of EGI - In addition, real estate taxes of $529.000 are divided and paid twice a year, in April and October, and property insurance premiums totaling $157,000 are paid once a year in February. - The current capital expenditure budget is $335,000, but you think this can be lowered to $295,000 in the coming year due to your economies of scale using the same vendors for various managed properties around the area - The monthly debt service for this year and the upcoming year is $18.988 - The prevailing cap rate for this type of property in the area is 6.0%