Co-living Marietta
Marietta, GA 30060
8bd • 3ba • Built: 1966 • Remodeled: 2022
Turnkey co-living
| Estimated Square Feet | 2,523 | | Initial Market Value | $379,000 | | Purchase Price | $379,000 | | Downpayment | $94,750 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $11,370 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $106,120 | | Cost per Square Foot / per Bedroom | $150 / $47,375 | | Monthly Rent per SQFT / per Bedroom | $2.75 / $866 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $6,928 | $83,136 | | Vacancy Losses | ($970) | ($11,639) | | Operating Income | $5,958 | $71,497 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($442) | ($5,306) | | Insurance | ($205) | ($2,464) | | Management Fees | ($953) | ($11,440) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($312) | ($3,741) | | Other (Utilities, Supplies, etc.) | ($1,050) | ($12,600) | | Operating Expenses | ($2,963) | ($35,550) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,996 | $35,947 | | - Mortgage Payments | ($1,797) | ($21,560) | | = Cash Flow | $1,199 | $14,387 | | + Principal Reduction | $265 | $3,177 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $711 | $8,528 | | + First-Year Appreciation | $1,895 | $22,740 | | = Gross Equity Income | $4,069 | $48,832 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $284,250 | N/A | | Monthly Payment | $1,796.65 | N/A | | Loan Type | Amortizing Fixed | N/A | | Term | 30 Years | N/A | | Nominal / Real Interest Rate | 6.500% / 3.500% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 1.8% | | Debt Coverage Ratio | 1.67 | | Annual Gross Rent Multiplier | 5 | | Capitalization Rate | 9.5% | | Cash on Cash Return | 14% | | Return on Investment | 38% | | Return on Investment with IIDD | 46% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 14% | | Management Fee | 16% | | Maintenance Percentage | 5% |
| Comments |
|---|
| Fully turnkey property. Currently 5 out of 8 units occupied as of September |
*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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