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Co-living Atlanta
Atlanta, GA 30318
10 bedrooms 6 bathrooms 2004 year built 2015 year remodeled
duplex, co-living, great income potential. 10/6
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Projected Rent | $92,484 | $95,259 | $98,116 | $101,060 | $104,092 | $107,214 | $110,431 | $113,744 | $117,156 | $120,671 |
| Vacancy Losses | ($11,098) | ($11,431) | ($11,774) | ($12,127) | ($12,491) | ($12,866) | ($13,252) | ($13,649) | ($14,059) | ($14,480) |
| Operating Income | $81,386 | $83,827 | $86,342 | $88,933 | $91,601 | $94,349 | $97,179 | $100,094 | $103,097 | $106,190 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Property Taxes | ($5,775) | ($5,948) | ($6,127) | ($6,310) | ($6,500) | ($6,695) | ($6,896) | ($7,103) | ($7,316) | ($7,535) |
| Insurance | ($3,150) | ($3,245) | ($3,342) | ($3,442) | ($3,545) | ($3,652) | ($3,761) | ($3,874) | ($3,990) | ($4,110) |
| Management Fees | ($13,022) | ($13,412) | ($13,815) | ($14,229) | ($14,656) | ($15,096) | ($15,549) | ($16,015) | ($16,496) | ($16,990) |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($5,549) | ($5,716) | ($5,887) | ($6,064) | ($6,245) | ($6,433) | ($6,626) | ($6,825) | ($7,029) | ($7,240) |
| Other | ($10,200) | ($10,506) | ($10,821) | ($11,146) | ($11,480) | ($11,825) | ($12,179) | ($12,545) | ($12,921) | ($13,309) |
| Operating Expenses | ($37,696) | ($38,827) | ($39,991) | ($41,191) | ($42,427) | ($43,700) | ($45,011) | ($46,361) | ($47,752) | ($49,184) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Operating Income | $43,690 | $45,001 | $46,351 | $47,741 | $49,174 | $50,649 | $52,168 | $53,733 | $55,345 | $57,006 |
| - Mortgage Payments | ($30,646) | ($30,646) | ($30,646) | ($30,646) | ($30,646) | ($30,646) | ($30,646) | ($30,646) | ($30,646) | ($30,646) |
| = Cash Flow | $13,044 | $14,355 | $15,705 | $17,095 | $18,527 | $20,003 | $21,522 | $23,087 | $24,699 | $26,359 |
| + Principal Reduction | $4,196 | $4,489 | $4,801 | $5,135 | $5,493 | $5,876 | $6,285 | $6,722 | $7,190 | $7,691 |
| + Appreciation | $31,500 | $33,390 | $35,393 | $37,517 | $39,768 | $42,154 | $44,683 | $47,364 | $50,206 | $53,219 |
| = Gross Equity Income | $48,740 | $52,233 | $55,899 | $59,748 | $63,788 | $68,032 | $72,490 | $77,174 | $82,095 | $87,269 |
| Capitalization Rate | 7.9% | 7.6% | 7.4% | 7.2% | 7.0% | 6.8% | 6.6% | 6.4% | 6.2% | 6.1% |
| Cash on Cash Return | 8.5% | 9.4% | 10.3% | 11.2% | 12.1% | 13.1% | 14.1% | 15.1% | 16.2% | 17.2% |
| Return on Equity | 29.2% | 25.5% | 22.8% | 20.8% | 19.2% | 17.9% | 16.8% | 15.9% | 15.1% | 14.4% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Value | $556,500 | $589,890 | $625,283 | $662,800 | $702,568 | $744,723 | $789,406 | $836,770 | $886,976 | $940,195 |
| - Loan Balance | ($389,554) | ($385,065) | ($380,264) | ($375,128) | ($369,635) | ($363,760) | ($357,475) | ($350,753) | ($343,563) | ($335,872) |
| = Equity | $166,946 | $204,825 | $245,020 | $287,672 | $332,933 | $380,963 | $431,931 | $486,017 | $543,414 | $604,323 |
| Loan-to-Value Ratio | 70.0% | 65.3% | 60.8% | 56.6% | 52.6% | 48.8% | 45.3% | 41.9% | 38.7% | 35.7% |
| Potential Cash-Out Refi | $111,296 | $145,836 | $182,491 | $221,392 | $262,676 | $306,491 | $352,990 | $402,340 | $454,716 | $510,304 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity | $166,946 | $204,825 | $245,020 | $287,672 | $332,933 | $380,963 | $431,931 | $486,017 | $543,414 | $604,323 |
| - Closing Costs | ($38,955) | ($41,292) | ($43,770) | ($46,396) | ($49,180) | ($52,131) | ($55,258) | ($58,574) | ($62,088) | ($65,814) |
| = Proceeds After Sale | $127,991 | $163,533 | $201,250 | $241,276 | $283,753 | $328,832 | $376,672 | $427,443 | $481,325 | $538,510 |
| + Cumulative Cash Flow | $13,044 | $27,398 | $43,103 | $60,198 | $78,725 | $98,728 | $120,250 | $143,337 | $168,036 | $194,395 |
| - Approximate Cash Invested | ($152,906) | ($152,906) | ($152,906) | ($152,906) | ($152,906) | ($152,906) | ($152,906) | ($152,906) | ($152,906) | ($152,906) |
| = Net Profit | ($11,871) | $38,025 | $91,446 | $148,568 | $209,572 | $274,654 | $344,016 | $417,874 | $496,455 | $579,998 |
| Internal Rate of Return | -7.8% | 12.2% | 18.1% | 20.4% | 21.2% | 21.4% | 21.4% | 21.2% | 21.0% | 20.7% |
| Return on Investment | -7.8% | 24.9% | 59.8% | 97.2% | 137.1% | 179.6% | 225.0% | 273.3% | 324.7% | 379.3% |
*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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