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 Feet | 4,268 | | 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 Income | Monthly | Annual |
|---|
| Projected Rent | $7,707 | $92,484 | | Vacancy Losses | ($925) | ($11,098) | | Operating Income | $6,782 | $81,386 |
| Estimated Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| 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 Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $393,750 | $0 | | Monthly Payment | $2,553.86 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.750% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 1.5% | | Debt Coverage Ratio | 1.43 | | Annual Gross Rent Multiplier | 6 | | Capitalization Rate | 8.3% | | Cash on Cash Return | 9% | | Return on Investment | 32% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 12% | | Management Fee | 16% | | Maintenance Percentage | 6% |
| 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.
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