Josh Newell Zane Wells Mark Goodman Paul Schneider
L
owry Flats
1120-1148 Willow Street 8650-8656 E Richthofen Place 1111-1123 Xanthia Street Denver, CO 80220
Josh Newell Zane Wells Mark Goodman Paul Schneider One Broadway, Suite 300A Denver, Colorado 80203 303.962.9555 | PinnacleREA.com
L
owry Flats TABLE OF CONTENTS EXECUTIVE SUMMARY FINANCIAL ANALYSIS LOCATION OVERVIEW INVESTMENT CONTACTS: Josh Newell, Senior Advisor 303.962.9559 | [email protected] Zane Wells, Associate Advisor 303.962.9567 | [email protected] Mark Goodman, Senior Advisor 303.962.9545 | [email protected] Paul Schneider, Senior Advisor 303.962.9546 | [email protected]
One Broadway, Sutie 300A | Denver, CO 80203 www.PinnacleREA.com © 2014 Pinnacle Real Estate Advisors, LLC. All information contained herein has been obtained from sources we believe to be reliable. However, we accept no responsibility for its accuracy and encourage verification of all information prior to making financial decisions.
EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS
LOWRY FLATS - THE OFFERING Property Address:
1120-1148 Willow Street 8650-8656 E Richthofen Place 1111-1123 Xanthia Street Denver, CO 80220
Units: 26 Unit Mix: 26 - 3BR / 2BA Number of Buildings: 8 Building Size: 25,584 SF Lot Size: 1.44 Acres Year Built: 2003 - 2005 Parking: 39 Off-Street Spaces Zoning: Residential Roof: Pitched HVAC: Forced Air Furnaces / Swamp Coolers Property Tours: Contact Pinnacle Real Estate Advisors Below
Pinnacle Real Estate Advisors One Broadway, Suite 300A Denver, Colorado 80203 Josh Newell, Senior Advisor 303.962.9559 [email protected]
Zane Wells, Associate Advisor 303.962.9567 [email protected]
Lowry Flats is a 26 unit multifamily asset located in Denver, Colorado built in 2003. Sitting on 1.44 acres, this newly constructed sprawling property consists of eight buildings. Lowry Flats offers its tenants large, 3bd/2ba units that average 984 square feet. 39 parking spaces are scattered among the buildings providing a parking ratio of 1.5 spaces/unit. The units are all separately metered for gas and electric and have washer and dryer hookups. Lowry Flats is separately deeded as every unit has its own Denver Assessor parcel number, making for an easy condo conversion. The property is situated at the intersection of E 11th Ave and Willow Street, spreading north and east. Bordering north Lowry, the property sits adjacent to the Logan School of Creative Learning and the Campus of The Community College of Aurora at Lowry. Westerly Creek divides the site and provides a beautiful atmosphere for Lowry Flat’s residents. The Westerly Creek Greenway Master Plan cites significant redevelopment plans which will connect Lowry and Stapleton via bike & walking paths with newly landscaped grounds along Westerly Creek. Included in the proposed plan is a new traffic signal on 11th Avenue between Willow and Xanthia (where the creek intersects 11th Avenue).
Mark Goodman, Senior Advisor 303.962.9545 [email protected]
Paul Schneider, Senior Advisor 303.962.9546 [email protected]
INTERIOR PROPERTY PHOTOS
Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
FINANCIAL ANALYSIS
FINANCIAL ANALYSIS INCOME UNIT TYPE
No. of Units Approx. SF
3 Bed 2 Bath TOTAL
26 26
984 25,584
Current Rent $1,279
Monthly Income $33,257 $33,257
Current Rent/SF $1.30
Gross Potential Rent Other Income Late Fees/NSF Other Income Total Other Income
(Actual - T12) (Actual - T12)
Gross Potential Income
Pro Forma Rent $1,350
Pro Forma $421,200
$5,241 $3,304 $8,545
$5,241 $3,304 $8,545
EFFECTIVE GROSS INCOME EXPENSES (Actual - 2014 County Assessor) Taxes (Actual - T12) Insurance (Actual - T12) Gas & Electric (Actual - T12) Water & Sewer (Actual - T12/Estimated) Trash (Estimated $800/Unit/Yr) Maint. & Repairs (Actual - T12 @ 5.5%) Management Fee (Actual - T12) Legal & Professional (Actual - T12) Administrative TOTAL EXPENSES Expenses per Unit Expenses per SF % OF EGI NET OPERATING INCOME
$10,336 $7,100 $1,621 $19,784 $1,516 $20,800 $20,731 $4,037 $3,880 $89,805 $3,454 $3.51 23.3% $295,994
5.47%
Pro Forma Rent/SF $1.37
Current $399,084
$407,629 ($21,830) $385,799
(Actual - T6/Estimated)
Monthly Income $35,100 $35,100
5.00%
$429,745 ($21,060) $408,685
$10,336 $7,100 $1,621 $19,784 $400 $20,800 $22,478 $4,037 $3,880 $90,436 $3,478 $3.53 22.1% $318,249
Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
PRICING INVESTMENT SUMMARY Price: $3,900,000 Price/Unit: $150,000 Price/SF: $152.44 PROPOSED FINANCING Loan Amount: $2,925,000 Down Payment: $975,000 Interest: 4.25% Amortization: 30 years Monthly Pmt. ($14,389)
CURRENT
PRO FORMA
CASH FLOW INDICATORS Net Operating Income Debt Service Net Cash Flow 12.65% Principal Reduction Total Return 17.71% VALUE INDICATORS CAP Rate Price per Unit Price per Foot
CASH FLOW INDICATORS Net Operating Income Debt Service Net Cash Flow Principal Reduction Total Return VALUE INDICATORS CAP Rate Price per Unit Price per Foot
$295,994 ($172,671) $123,323 $49,312 $172,635 7.59% $150,000 $152.44
14.93% 19.99%
$318,249 ($172,671) $145,578 $49,312 $194,890 8.16% $150,000 $152.44
Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
LOCATION OVERVIEW
AREA SITEPLAN RICHTHOFEN PLACE
8652 8654
8656
1122
XENIA STREET
1130
1126
WILLOW STREET
1128
8650
1136
1132
1134
1142
1138
1140
1148
1144
1146
1124
1123 1121 1119
1111
1115
1113
1117
XANTHIA STREET
1120
E 11th AVENUE Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
AREA SITEPLAN
1132
1115
E 11th AVENUE
1119
1138
1130
1126
1124
1136
1128
1142
1113
1117
1123 8656
1111
1122
1120
1144
8654
1134
1146
1148
1121
1140
8652 8650
RICHTHOFEN PLACE
XANTHIA STREET
WILLOW STREET
Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
AREA GREENWAY MASTER PLAN IMPROVMENTS
Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
LOCATION OVERVIEW
Lowry Flats
E 11th AVENUE
LOWRY
LOWRY BLVD
E
T MI SE
YO ET
RE ST
REDEVELOPMENT
Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
Baseline Rd
ADAM S COUNTY
LAFAYETTE South Boulder Rd
BRIGHTON
160th Avenue
470
144th Avenue
144th Ave
BROOMFIELD Interlocken Business Park
120th Ave
Downtown Denver
20 Minutes
NORTHGLENN
Denver Tech Center
20 Minutes
Denver Airport
29 Minutes
THORNTON
112th Ave
Jef ferson Count y Airpor t
WESTMINSTER
104th Ave
76
96th Ave
88th Ave
I-25
285
BEAR CREEK PARK
Tower Rd
Pena Blvd
Colfax Ave
Lowr y Redevelopment Area Mississippi Ave
Iliff Ave Yale Ave
Quincy Ave CHERRY HILLS VILLAGE
ARA PAHOE COUNTY
6th Ave Alameda Ave
AURORA 225
Quincy Ave
Cherr y Creek State Park
Belleview Ave GREENWOOD Denver 85 303.962.9567 | Mark Goodman 303.962.9545 | PaulRdSchneiderTech 303.962.9456 VILLAGE Orchard Center Bowles Ave
Sm
oky
Hill
R
d | www.PinnacleREA.com
d
P
Jor
t
Josh Newell 303.962.9559 | Zane Wells
70
Hampden Ave
lvd
470
I-25 W Evans Ave
Rd
rth Blvd
MORRISON
on
ing St
EVERGREEN
M
is orr
MONTBELLO
Stapleton Redevelopment Area Montview Blvd
DENVER
ENGLEWOOD
Ave
owry Flats
MIDTOWN
Alameda Ave
70
L
56th
ADAM S COUNTY
Tower Rd
Colfax Ave
6
LAK EWOOD
University Blvd
DOWNTOWN Broadway
Wadsworth Blvd
Kipling St
GOLDEN
44th Ave 38th Ave 32nd Ave
Colorado Blvd
70
WHEAT RIDGE
6
70
Santa Fe Dr
Ward Rd
58th Ave
COMMERCE CITY
Quebec St
ARVADA
Yosemite St
64th Ave
36
Monaco Pkwy
72nd Ave
470
Roc k y Mountain Arsenal Wil dlife Refuge
Federal Blvd
Sheridan Blvd
80th Ave
Potomac St
93
Denver Internation al Airport
Peoria St
JEFFERSON COUNTY
DRIVE TIMES
Huron St
BOULDER COUNTY
85
136th Ave
Buckley Rd
SUPERIOR
Gun Club Rd
LOUISVILLE
36
Chambers Rd
DENVER MAP
The Willows Apartments
8650-8656 E Richtofen Pl, Denver, CO 80220
MARKET OVERVIEW/DEMOGRAPHICS About Lowry A community rich in history, Lowry has been transformed from the former Lowry Air Force Base into a sustainable, vibrant, mixeduse community. Lowry residents have at their doorsteps 800 acres of open space, great restaurants, a thriving Lowry Town Center, Colorado Free University and the John Hand Theater, Wings Over The Rockies Air & Space Museum, a ballpark and sports fields, a number of historic buildings and one of the city’s finest public art collections. Lowry is a master planned community that successfully combines the convenience of everyday needs and easy proximity to downtown Denver and the airport with a friendly, active and close-knit community. About Lowry Foundation The Lowry Foundation is a 501(c)(3) organization committed to enhancing the public spaces and creating a sense of community for Lowry. The Lowry Foundation enriches the quality of life and spaces in the Lowry community through programs of artistic, cultural, educational, historical, recreational and scientific value.
Outdoor Recreation At nearly 800 acres, Lowry’s parks and recreational areas are equal in size to 20 percent of all park space in Denver. Demonstrating respect for Colorado’s environment, Lowry’s parks are built responsibly, with 35 percent of the total acreage devoted to native plants and grasses, and less than half sod, some of which include low water grass varieties. Lowry’s parks and recreational areas include neighborhood parks, regional parks, a sports complex, golf course, natural reserve areas, a community recreation center and an ice arena.
Building Type: Building Size: # of Units: Avg Unit Size:
Multi-Family 28,600 SF 26 1100 SF
Radius Population 2019 Projection 2014 Estimate 2010 Census Growth 2014 - 2019 Growth 2010 - 2014 2014 Population by Hispanic Origin 2014 Population By Race White Black Am. Indian & Alaskan Asian Hawaiian & Pacific Island Other Households 2019 Projection 2014 Estimate 2010 Census Growth 2014 - 2019 Growth 2010 - 2014 Owner Occupied Renter Occupied 2014 Households by HH Income Income:
owry Flats
1120-1148 Willow Street 8650-8656 E Richthofen Place 1111-1123 Xanthia Street Denver, CO 80220
Josh Newell Zane Wells Mark Goodman Paul Schneider One Broadway, Suite 300A Denver, Colorado 80203 303.962.9555 | PinnacleREA.com
L
owry Flats TABLE OF CONTENTS EXECUTIVE SUMMARY FINANCIAL ANALYSIS LOCATION OVERVIEW INVESTMENT CONTACTS: Josh Newell, Senior Advisor 303.962.9559 | [email protected] Zane Wells, Associate Advisor 303.962.9567 | [email protected] Mark Goodman, Senior Advisor 303.962.9545 | [email protected] Paul Schneider, Senior Advisor 303.962.9546 | [email protected]
One Broadway, Sutie 300A | Denver, CO 80203 www.PinnacleREA.com © 2014 Pinnacle Real Estate Advisors, LLC. All information contained herein has been obtained from sources we believe to be reliable. However, we accept no responsibility for its accuracy and encourage verification of all information prior to making financial decisions.
EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS
LOWRY FLATS - THE OFFERING Property Address:
1120-1148 Willow Street 8650-8656 E Richthofen Place 1111-1123 Xanthia Street Denver, CO 80220
Units: 26 Unit Mix: 26 - 3BR / 2BA Number of Buildings: 8 Building Size: 25,584 SF Lot Size: 1.44 Acres Year Built: 2003 - 2005 Parking: 39 Off-Street Spaces Zoning: Residential Roof: Pitched HVAC: Forced Air Furnaces / Swamp Coolers Property Tours: Contact Pinnacle Real Estate Advisors Below
Pinnacle Real Estate Advisors One Broadway, Suite 300A Denver, Colorado 80203 Josh Newell, Senior Advisor 303.962.9559 [email protected]
Zane Wells, Associate Advisor 303.962.9567 [email protected]
Lowry Flats is a 26 unit multifamily asset located in Denver, Colorado built in 2003. Sitting on 1.44 acres, this newly constructed sprawling property consists of eight buildings. Lowry Flats offers its tenants large, 3bd/2ba units that average 984 square feet. 39 parking spaces are scattered among the buildings providing a parking ratio of 1.5 spaces/unit. The units are all separately metered for gas and electric and have washer and dryer hookups. Lowry Flats is separately deeded as every unit has its own Denver Assessor parcel number, making for an easy condo conversion. The property is situated at the intersection of E 11th Ave and Willow Street, spreading north and east. Bordering north Lowry, the property sits adjacent to the Logan School of Creative Learning and the Campus of The Community College of Aurora at Lowry. Westerly Creek divides the site and provides a beautiful atmosphere for Lowry Flat’s residents. The Westerly Creek Greenway Master Plan cites significant redevelopment plans which will connect Lowry and Stapleton via bike & walking paths with newly landscaped grounds along Westerly Creek. Included in the proposed plan is a new traffic signal on 11th Avenue between Willow and Xanthia (where the creek intersects 11th Avenue).
Mark Goodman, Senior Advisor 303.962.9545 [email protected]
Paul Schneider, Senior Advisor 303.962.9546 [email protected]
INTERIOR PROPERTY PHOTOS
Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
FINANCIAL ANALYSIS
FINANCIAL ANALYSIS INCOME UNIT TYPE
No. of Units Approx. SF
3 Bed 2 Bath TOTAL
26 26
984 25,584
Current Rent $1,279
Monthly Income $33,257 $33,257
Current Rent/SF $1.30
Gross Potential Rent Other Income Late Fees/NSF Other Income Total Other Income
(Actual - T12) (Actual - T12)
Gross Potential Income
Pro Forma Rent $1,350
Pro Forma $421,200
$5,241 $3,304 $8,545
$5,241 $3,304 $8,545
EFFECTIVE GROSS INCOME EXPENSES (Actual - 2014 County Assessor) Taxes (Actual - T12) Insurance (Actual - T12) Gas & Electric (Actual - T12) Water & Sewer (Actual - T12/Estimated) Trash (Estimated $800/Unit/Yr) Maint. & Repairs (Actual - T12 @ 5.5%) Management Fee (Actual - T12) Legal & Professional (Actual - T12) Administrative TOTAL EXPENSES Expenses per Unit Expenses per SF % OF EGI NET OPERATING INCOME
$10,336 $7,100 $1,621 $19,784 $1,516 $20,800 $20,731 $4,037 $3,880 $89,805 $3,454 $3.51 23.3% $295,994
5.47%
Pro Forma Rent/SF $1.37
Current $399,084
$407,629 ($21,830) $385,799
(Actual - T6/Estimated)
Monthly Income $35,100 $35,100
5.00%
$429,745 ($21,060) $408,685
$10,336 $7,100 $1,621 $19,784 $400 $20,800 $22,478 $4,037 $3,880 $90,436 $3,478 $3.53 22.1% $318,249
Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
PRICING INVESTMENT SUMMARY Price: $3,900,000 Price/Unit: $150,000 Price/SF: $152.44 PROPOSED FINANCING Loan Amount: $2,925,000 Down Payment: $975,000 Interest: 4.25% Amortization: 30 years Monthly Pmt. ($14,389)
CURRENT
PRO FORMA
CASH FLOW INDICATORS Net Operating Income Debt Service Net Cash Flow 12.65% Principal Reduction Total Return 17.71% VALUE INDICATORS CAP Rate Price per Unit Price per Foot
CASH FLOW INDICATORS Net Operating Income Debt Service Net Cash Flow Principal Reduction Total Return VALUE INDICATORS CAP Rate Price per Unit Price per Foot
$295,994 ($172,671) $123,323 $49,312 $172,635 7.59% $150,000 $152.44
14.93% 19.99%
$318,249 ($172,671) $145,578 $49,312 $194,890 8.16% $150,000 $152.44
Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
LOCATION OVERVIEW
AREA SITEPLAN RICHTHOFEN PLACE
8652 8654
8656
1122
XENIA STREET
1130
1126
WILLOW STREET
1128
8650
1136
1132
1134
1142
1138
1140
1148
1144
1146
1124
1123 1121 1119
1111
1115
1113
1117
XANTHIA STREET
1120
E 11th AVENUE Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
AREA SITEPLAN
1132
1115
E 11th AVENUE
1119
1138
1130
1126
1124
1136
1128
1142
1113
1117
1123 8656
1111
1122
1120
1144
8654
1134
1146
1148
1121
1140
8652 8650
RICHTHOFEN PLACE
XANTHIA STREET
WILLOW STREET
Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
AREA GREENWAY MASTER PLAN IMPROVMENTS
Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
LOCATION OVERVIEW
Lowry Flats
E 11th AVENUE
LOWRY
LOWRY BLVD
E
T MI SE
YO ET
RE ST
REDEVELOPMENT
Josh Newell 303.962.9559 | Zane Wells 303.962.9567 | Mark Goodman 303.962.9545 | Paul Schneider 303.962.9456 | www.PinnacleREA.com
Baseline Rd
ADAM S COUNTY
LAFAYETTE South Boulder Rd
BRIGHTON
160th Avenue
470
144th Avenue
144th Ave
BROOMFIELD Interlocken Business Park
120th Ave
Downtown Denver
20 Minutes
NORTHGLENN
Denver Tech Center
20 Minutes
Denver Airport
29 Minutes
THORNTON
112th Ave
Jef ferson Count y Airpor t
WESTMINSTER
104th Ave
76
96th Ave
88th Ave
I-25
285
BEAR CREEK PARK
Tower Rd
Pena Blvd
Colfax Ave
Lowr y Redevelopment Area Mississippi Ave
Iliff Ave Yale Ave
Quincy Ave CHERRY HILLS VILLAGE
ARA PAHOE COUNTY
6th Ave Alameda Ave
AURORA 225
Quincy Ave
Cherr y Creek State Park
Belleview Ave GREENWOOD Denver 85 303.962.9567 | Mark Goodman 303.962.9545 | PaulRdSchneiderTech 303.962.9456 VILLAGE Orchard Center Bowles Ave
Sm
oky
Hill
R
d | www.PinnacleREA.com
d
P
Jor
t
Josh Newell 303.962.9559 | Zane Wells
70
Hampden Ave
lvd
470
I-25 W Evans Ave
Rd
rth Blvd
MORRISON
on
ing St
EVERGREEN
M
is orr
MONTBELLO
Stapleton Redevelopment Area Montview Blvd
DENVER
ENGLEWOOD
Ave
owry Flats
MIDTOWN
Alameda Ave
70
L
56th
ADAM S COUNTY
Tower Rd
Colfax Ave
6
LAK EWOOD
University Blvd
DOWNTOWN Broadway
Wadsworth Blvd
Kipling St
GOLDEN
44th Ave 38th Ave 32nd Ave
Colorado Blvd
70
WHEAT RIDGE
6
70
Santa Fe Dr
Ward Rd
58th Ave
COMMERCE CITY
Quebec St
ARVADA
Yosemite St
64th Ave
36
Monaco Pkwy
72nd Ave
470
Roc k y Mountain Arsenal Wil dlife Refuge
Federal Blvd
Sheridan Blvd
80th Ave
Potomac St
93
Denver Internation al Airport
Peoria St
JEFFERSON COUNTY
DRIVE TIMES
Huron St
BOULDER COUNTY
85
136th Ave
Buckley Rd
SUPERIOR
Gun Club Rd
LOUISVILLE
36
Chambers Rd
DENVER MAP
The Willows Apartments
8650-8656 E Richtofen Pl, Denver, CO 80220
MARKET OVERVIEW/DEMOGRAPHICS About Lowry A community rich in history, Lowry has been transformed from the former Lowry Air Force Base into a sustainable, vibrant, mixeduse community. Lowry residents have at their doorsteps 800 acres of open space, great restaurants, a thriving Lowry Town Center, Colorado Free University and the John Hand Theater, Wings Over The Rockies Air & Space Museum, a ballpark and sports fields, a number of historic buildings and one of the city’s finest public art collections. Lowry is a master planned community that successfully combines the convenience of everyday needs and easy proximity to downtown Denver and the airport with a friendly, active and close-knit community. About Lowry Foundation The Lowry Foundation is a 501(c)(3) organization committed to enhancing the public spaces and creating a sense of community for Lowry. The Lowry Foundation enriches the quality of life and spaces in the Lowry community through programs of artistic, cultural, educational, historical, recreational and scientific value.
Outdoor Recreation At nearly 800 acres, Lowry’s parks and recreational areas are equal in size to 20 percent of all park space in Denver. Demonstrating respect for Colorado’s environment, Lowry’s parks are built responsibly, with 35 percent of the total acreage devoted to native plants and grasses, and less than half sod, some of which include low water grass varieties. Lowry’s parks and recreational areas include neighborhood parks, regional parks, a sports complex, golf course, natural reserve areas, a community recreation center and an ice arena.
Building Type: Building Size: # of Units: Avg Unit Size:
Multi-Family 28,600 SF 26 1100 SF
Radius Population 2019 Projection 2014 Estimate 2010 Census Growth 2014 - 2019 Growth 2010 - 2014 2014 Population by Hispanic Origin 2014 Population By Race White Black Am. Indian & Alaskan Asian Hawaiian & Pacific Island Other Households 2019 Projection 2014 Estimate 2010 Census Growth 2014 - 2019 Growth 2010 - 2014 Owner Occupied Renter Occupied 2014 Households by HH Income Income:
