Co-living Atlanta
Atlanta, GA 30318
10 bedrooms 6 bathrooms 2004 year built 2015 year remodeled
duplex, co-living, great income potential. 10/6
Square Feet4,268
Initial Market Value$525,000
Purchase Price$525,000
Downpayment$131,250
Loan Origination Fees$5,906
Depreciable Closing Costs$15,750
Other Costs and Fixup$0
Approximate Cash Invested$152,906
Cost per Square Foot$123
Monthly Rent per Square Foot$1.81
Projected IncomeMonthlyAnnual
Projected Rent$7,707$92,484
Vacancy Losses($925)($11,098)
Operating Income$6,782$81,386
Estimated ExpensesMonthlyAnnual
Property Taxes($481)($5,775)
Insurance($263)($3,150)
Management Fees($1,085)($13,022)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($462)($5,549)
Other (Utilities, Supplies, etc.)($850)($10,200)
Operating Expenses($3,141)($37,696)
Net PerformanceMonthlyAnnual
Net Operating Income$3,641$43,690
- Mortgage Payments($2,554)($30,646)
= Cash Flow$1,087$13,044
+ Principal Reduction$350$4,196
+ First-Year Appreciation$2,625$31,500
= Gross Equity Income$4,062$48,740
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$393,750$0
Monthly Payment$2,553.86$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.750%0.000%
Monthly PMI$0
Financial Indicators
Rent-to-Value Ratio™ (RV Ratio™)1.5%
Debt Coverage Ratio1.43
Annual Gross Rent Multiplier6
Capitalization Rate8.3%
Cash on Cash Return9%
Return on Investment32%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Projected Appreciation Rate6%
Vacancy Rate12%
Management Fee16%
Maintenance Percentage6%
Comments
Currently running at co-living however being self managed. 7/10 units are occupied currently
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.