14 padsplit
Atlanta, GA 30310
6bd • 6ba • Built: 1962 • Remodeled: 2026
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $78,000 | $80,340 | $82,750 | $85,233 | $87,790 | $90,423 | $93,136 | $95,930 | $98,808 | $101,772 |
| Vacancy Losses | ($7,800) | ($8,034) | ($8,275) | ($8,523) | ($8,779) | ($9,042) | ($9,314) | ($9,593) | ($9,881) | ($10,177) |
| Operating Income | $70,200 | $72,306 | $74,475 | $76,709 | $79,011 | $81,381 | $83,822 | $86,337 | $88,927 | $91,595 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($3,949) | ($4,067) | ($4,189) | ($4,315) | ($4,445) | ($4,578) | ($4,715) | ($4,857) | ($5,002) | ($5,153) |
| Insurance | ($1,795) | ($1,849) | ($1,904) | ($1,961) | ($2,020) | ($2,081) | ($2,143) | ($2,208) | ($2,274) | ($2,342) |
| Management Fees | ($11,232) | ($11,569) | ($11,916) | ($12,274) | ($12,642) | ($13,021) | ($13,412) | ($13,814) | ($14,228) | ($14,655) |
| Leasing/Advertising Fees | ($3,000) | ($3,090) | ($3,183) | ($3,278) | ($3,377) | ($3,478) | ($3,582) | ($3,690) | ($3,800) | ($3,914) |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($3,510) | ($3,615) | ($3,724) | ($3,835) | ($3,951) | ($4,069) | ($4,191) | ($4,317) | ($4,446) | ($4,580) |
| Other | ($11,400) | ($11,742) | ($12,094) | ($12,457) | ($12,831) | ($13,216) | ($13,612) | ($14,021) | ($14,441) | ($14,874) |
| Operating Expenses | ($34,886) | ($35,933) | ($37,011) | ($38,121) | ($39,265) | ($40,442) | ($41,656) | ($42,905) | ($44,193) | ($45,518) |
| 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 | $35,314 | $36,373 | $37,465 | $38,589 | $39,746 | $40,939 | $42,167 | $43,432 | $44,735 | $46,077 |
| - Mortgage Payments | ($20,956) | ($20,956) | ($20,956) | ($20,956) | ($20,956) | ($20,956) | ($20,956) | ($20,956) | ($20,956) | ($20,956) |
| = Cash Flow | $14,358 | $15,417 | $16,508 | $17,632 | $18,790 | $19,982 | $21,211 | $22,476 | $23,779 | $25,121 |
| + Principal Reduction | $2,870 | $3,069 | $3,283 | $3,512 | $3,756 | $4,018 | $4,297 | $4,597 | $4,917 | $5,259 |
| + Appreciation | $21,540 | $22,832 | $24,202 | $25,654 | $27,194 | $28,825 | $30,555 | $32,388 | $34,331 | $36,391 |
| = Gross Equity Income | $38,767 | $41,319 | $43,994 | $46,798 | $49,740 | $52,825 | $56,063 | $59,460 | $63,027 | $66,771 |
| Capitalization Rate | 9.3% | 9.0% | 8.8% | 8.5% | 8.3% | 8.0% | 7.8% | 7.6% | 7.4% | 7.2% |
| Cash on Cash Return | 14.0% | 15.1% | 16.1% | 17.2% | 18.4% | 19.5% | 20.7% | 22.0% | 23.2% | 24.6% |
| Return on Equity | 34.0% | 29.5% | 26.3% | 23.8% | 21.8% | 20.3% | 19.0% | 17.9% | 17.0% | 16.2% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $380,540 | $403,372 | $427,575 | $453,229 | $480,423 | $509,248 | $539,803 | $572,191 | $606,523 | $642,914 |
| - Loan Balance | ($266,381) | ($263,311) | ($260,028) | ($256,517) | ($252,760) | ($248,743) | ($244,445) | ($239,849) | ($234,932) | ($229,673) |
| = Equity | $114,160 | $140,061 | $167,547 | $196,713 | $227,663 | $260,506 | $295,358 | $332,343 | $371,591 | $413,241 |
| 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 | $76,106 | $99,724 | $124,789 | $151,390 | $179,620 | $209,581 | $241,378 | $275,124 | $310,939 | $348,950 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $114,160 | $140,061 | $167,547 | $196,713 | $227,663 | $260,506 | $295,358 | $332,343 | $371,591 | $413,241 |
| - Closing Costs | ($26,638) | ($28,236) | ($29,930) | ($31,726) | ($33,630) | ($35,647) | ($37,786) | ($40,053) | ($42,457) | ($45,004) |
| = Proceeds After Sale | $87,522 | $111,825 | $137,616 | $164,987 | $194,033 | $224,858 | $257,572 | $292,289 | $329,134 | $368,237 |
| + Cumulative Cash Flow | $14,358 | $29,775 | $46,283 | $63,916 | $82,706 | $102,688 | $123,899 | $146,374 | $170,153 | $195,273 |
| - Approximate Cash Invested | ($102,315) | ($102,315) | ($102,315) | ($102,315) | ($102,315) | ($102,315) | ($102,315) | ($102,315) | ($102,315) | ($102,315) |
| = Net Profit | ($436) | $39,285 | $81,585 | $126,587 | $174,424 | $225,231 | $279,155 | $336,349 | $396,972 | $461,196 |
| Internal Rate of Return | -0.4% | 18.8% | 24.1% | 25.8% | 26.3% | 26.3% | 26.1% | 25.7% | 25.3% | 25.0% |
| Return on Investment | -0.4% | 38.4% | 79.7% | 123.7% | 170.5% | 220.1% | 272.8% | 328.7% | 388.0% | 450.8% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.