401 Tuscany Chase Dr, Daytona Beach, FL Prepared for Offerpad Inc. Property Details Ge HOA Score t | ee Mivspec 08Highlights + HOA Dues: $175/quarter. ransfer fees: $300 capital contribution + Litigation check: No outstanding Itigations found against the HOA. “+ HOA fees: Slightly higher than comparable properties. + Reserves: Well funded (90% of expected maintenance costs). + HOA fees increase estimate: 2% every year over the next ten years. + Expenses: Insurance, management fees, and other costs are slightly higher than comparable properties, + Insurance: Unit owners must get their own home insurance policy. HOA only covers common areas. Mvspect HonHOA Report Card Checks Score Comments 1 Overall Financial Health| B Similar to most buildings inthe area HOA Monthly Dues B Similar to most buildings inthe area 1B Reserve Funding Status B+ Reserve has sufficient funds Likelihood of Fee increase Be low i Likelihood of Assessments 8 Medium B expenses, B+ —_-Marginally higher than buildings in the area {2 Financial Fraud Indicator B—_Lowlikelihood of fraud HOA Defaults B____Oneormore units are overdue B Litigation ‘A Nopending or history of litigation found B Foreclosures B Few foreclosures in the past 3 years HOA By-Laws/Covenants B+ Reasonable by-laws that protect residents with minimal HOA intervention [HOA Management ‘A Professionally Managed Sex Offender/Crime Check ‘A None Found @ Owner Occupancy Similar to most buildings in the area aNeighborhood Comparison s120 Haka ublJ. a hg iy ty Mg, Me vag “oa "cn This Property Median Neighbourhood '$ Spent Per Thousand SQFT Per Year g 8Must Know Bylaws Honeeponebilty — Aetcition fe eeponsiifor maining commen a. respensiity ee ny 2owreol pets ar lowed Usage No commer eof he ulng i lowed exept for homeo, which ows ot cesta sacs or Other Bylaws pecan anerations mst be approved witog bythe HOA ‘Aopen he condone campers nats Capos ai ping ‘i contoners hl al be property srened mh pe ven Commercial veils must be parked oly in enclosed garages reas ‘cri ign needs be aproved yh bod noe can ny erected ater witen spo trom th bed at 625. tani ty she cra om ny oath coon ae No shove ground swinning pool shale erected consrced or intl on any Usk Mvspect HonFinancing Related Information + FHA Financing: Eligible + Owners must get th ‘own home insurance policy. HOA only covers common areas. + Flood zone: Low risk area aProjected HOA Dues $70 $60 $50 40 $20 $20 s10 Year 2020, Year 2025 Year 2030HOA Spending eed Mvspect HonFinancial Details tem ‘Score_Property Neighborhood HOA Fees ($ per 1000 se) (Monthy) Be 2 increase in dues over the las 3 years (6 YOY) A om 3% Increase in ues over the next 10 yeas (% YOY) Bm 2% Fraud check Ga 2 Number Units with over due HOA fees (%oftotalunits) OK 1% HOA fees overdue (% of HOA fees) - om 2% Unsold sponsor units % - om 2% insurance coverage / market value = Ome Upcoming/ongoing special asessment per unit annual) =O 100 Upcoming/ongoing special assessment (of HOAfees) BOK 1% Foreclosures in past 3 years (% of total units) =m 2% Debt a8 % of HOA fees foots 2% Level of funding eserves as a % of required) 90% [Annual Contribution to reserves (% of Hoa fees) 23% Reserves 2s muttiple of annual expenses crime checkin and near building Percentage of residents that are owners