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Scott Lepman Company <br />SINGLE FAMILY COMPARABLE RENT SCHEDULE <br />5820172 <br />File # <br />092096 <br />Thisformisintendedtoprovidetheappraiserwithafamiliarformattoestimatethemarketrentofthesubjectproperty.Adjustmentsshouldbemadeonlyfor <br />itemsofsignificantdifferencebetweenthecomparablesandthesubjectproperty. <br />ITEMSUBJECTCOMPARABLE NO.COMPARABLE NO.COMPARABLE NO. <br />123 <br />1924 Water St NE1660 Church St SE2070 Court St NE1460 Church St NE <br />Address <br />Salem, OR 97301Salem, OR 97302Salem, OR 97301Salem, OR 97301 <br />2.34 miles S1.91 miles SE0.56 miles SE <br />Proximity to Subject <br />Date Lease Begins <br />Month-to-MonthMonth-to-MonthMonth-to-Month <br />Date Lease Expires <br />Month-to-MonthMonth-to-MonthMonth-to-Month <br />Monthy RentalIf Currently <br />Rented: $ <br />$$$ <br />1,3951,7501,900 <br />Less: Utilities$$$$ <br />Furniture <br />Adjusted <br />$$$$ <br />Monthly Rent <br />1,3951,7501,900 <br />PersonalZillow, Property ManagerZillow, Property ManagerZillow, Property Manager <br />Data Source <br />InspectionAssessor, RealQuestAssessor, RealQuestAssessor, RealQuest <br />RENT ADJUSTMENTSDESCRIPTIONDESCRIPTION+( )$ Adjust.–DESCRIPTION+( )$ Adjust.–DESCRIPTION+( )$ Adjust.– <br />Rent <br />139517501900 <br />Concessions <br />000 <br />N;AcrsRvr;InfrArN;ResN;ResN;Res <br />Location/View <br />N;Res;N;ResN;ResN;Res <br />DT1;CustomDT1.5;HistoricDT1;CottageDT1.5;Historic <br />Design and Appeal <br />AverageAverageAverageAverage <br />34102100100 <br />Age/Condition <br />C4C3C3C3 <br />Above GradeTotalBdrmsBathsTotalBdrmsBathsTotalBdrmsBathsTotalBdrmsBaths <br />Room Count <br />511.1521.0-100521.0-50632.1-100 <br />Gross Living AreaSq. Ft.Sq. Ft.Sq. Ft.Sq. Ft. <br />2,4361,110+1,3501,308+1,1501,792+650 <br />Other (e.g., basement, <br />0sf0sf0sf0sf <br />etc.) <br />Guest House+650+650+650 <br />Other: <br />––– <br />Net Adj. (total)+$+$+$ <br />1,9001,7501,200 <br />Net%Net%Net% <br />Indicated Monthly <br />136.2100.063.2 <br />Market Rent <br />Gross%$Gross%$Gross%$ <br />150.5105.773.7 <br />3,2953,5003,100 <br />Comments on market data, including the range of rents for single family properties, an estimate of vacancy for single family rental properties, the general trend of rents and <br />vacancy, and support for the above adjustments. (Rent concessions should be adjusted to the market, not to the subject property.) <br />The rental market is currently very <br />strong with vacancies for this property type at approximately less than 4%. Rents have been rising for the last five years due to a local <br />housing shortage. The subject is currently vacant. The guest house is present tenant occupied by a care taker who indicated that the <br />current rent is below market due to being primarily responsible to for protecting the property. <br />Final Reconciliation of Market Rent: <br />The three rent comparables are competing properties of older, smaller dwellings with similar proximity in <br />the Salem market area. <br />I (WE) ESTIMATE THE MONTHLY MARKET RENT OF THE SUBJECT AS OFTO BE $ <br />10/05/2020 <br />Appraiser(s)SIGNATUREReview AppraiserSIGNATURE <br />NAME Scott Lepman, SRA, RM(If applicable)NAME <br />Date Property InspectedReport SignedDate Property InspectedReport Signed <br />10/05/202010/09/2020 <br />License or Certification #StateLicense or Certification #State <br />C000178OR <br />Expiration Date of License or CertificationExpiration Date of License or Certification <br />09/30/2021 <br />Review AppraiserDidDid NotInspect Subject Property <br />Freddie Mac Form 1000 (8/88)Fannie Mae Form 1007 (8/88) <br />Form 1007 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE <br /> <br />