Excellent Cash Flow
Decatur, GA 30032
8 bedrooms 5 bathrooms 1974 year built 2025 year remodeled
Turnkey Co-Living 22
Square Feet2,524
Initial Market Value$409,900
Purchase Price$409,900
Downpayment$102,475
Loan Origination Fees$4,611
Depreciable Closing Costs$8,198
Other Costs and Fixup$0
Approximate Cash Invested$115,284
Cost per Square Foot$162
Monthly Rent per Square Foot$3.02
Projected IncomeMonthlyAnnual
Projected Rent$7,626$91,512
Vacancy Losses($915)($10,981)
Operating Income$6,711$80,531
Estimated ExpensesMonthlyAnnual
Property Taxes($547)($6,558)
Insurance($171)($2,050)
Management Fees($1,074)($12,885)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($458)($5,491)
Other (Utilities, Supplies, etc.)($950)($11,400)
Operating Expenses($3,199)($38,384)
Net PerformanceMonthlyAnnual
Net Operating Income$3,512$42,147
- Mortgage Payments($1,994)($23,927)
= Cash Flow$1,518$18,220
+ Principal Reduction$273$3,276
+ First-Year Appreciation$2,050$24,594
= Gross Equity Income$3,841$46,090
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$307,425$0
Monthly Payment$1,993.95$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.750%0.000%
Monthly PMI$0
Financial Indicators
Rent-to-Value Ratio™ (RV Ratio™)1.9%
Debt Coverage Ratio1.76
Annual Gross Rent Multiplier4
Capitalization Rate10.3%
Cash on Cash Return16%
Return on Investment40%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Projected Appreciation Rate6%
Vacancy Rate12%
Management Fee16%
Maintenance Percentage6%
Comments
-Estimated January Closing -Turnkey and Furnished at close
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.