Co-living Atlanta
Decatur, GA 30032
7bd • 4ba • Built: 1954 • Remodeled: 2025
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $75,660 | $77,930 | $80,268 | $82,676 | $85,156 | $87,711 | $90,342 | $93,052 | $95,844 | $98,719 |
| Vacancy Losses | ($10,592) | ($10,910) | ($11,237) | ($11,575) | ($11,922) | ($12,279) | ($12,648) | ($13,027) | ($13,418) | ($13,821) |
| Operating Income | $65,068 | $67,020 | $69,030 | $71,101 | $73,234 | $75,431 | $77,694 | $80,025 | $82,426 | $84,898 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($5,501) | ($5,666) | ($5,836) | ($6,011) | ($6,191) | ($6,377) | ($6,568) | ($6,765) | ($6,968) | ($7,177) |
| Insurance | ($2,307) | ($2,376) | ($2,447) | ($2,521) | ($2,596) | ($2,674) | ($2,754) | ($2,837) | ($2,922) | ($3,010) |
| Management Fees | ($10,411) | ($10,723) | ($11,045) | ($11,376) | ($11,717) | ($12,069) | ($12,431) | ($12,804) | ($13,188) | ($13,584) |
| 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 | ($3,783) | ($3,896) | ($4,013) | ($4,134) | ($4,258) | ($4,386) | ($4,517) | ($4,653) | ($4,792) | ($4,936) |
| Other | ($10,200) | ($10,506) | ($10,821) | ($11,146) | ($11,480) | ($11,825) | ($12,179) | ($12,545) | ($12,921) | ($13,309) |
| Operating Expenses | ($32,202) | ($33,168) | ($34,163) | ($35,188) | ($36,243) | ($37,330) | ($38,450) | ($39,604) | ($40,792) | ($42,016) |
| 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 | $32,866 | $33,852 | $34,868 | $35,914 | $36,991 | $38,101 | $39,244 | $40,421 | $41,634 | $42,883 |
| - Mortgage Payments | ($20,189) | ($20,189) | ($20,189) | ($20,189) | ($20,189) | ($20,189) | ($20,189) | ($20,189) | ($20,189) | ($20,189) |
| = Cash Flow | $12,677 | $13,663 | $14,679 | $15,725 | $16,802 | $17,912 | $19,055 | $20,232 | $21,445 | $22,694 |
| + Principal Reduction | $2,975 | $3,174 | $3,387 | $3,614 | $3,856 | $4,114 | $4,390 | $4,684 | $4,997 | $5,332 |
| + Appreciation | $21,294 | $22,572 | $23,926 | $25,361 | $26,883 | $28,496 | $30,206 | $32,018 | $33,939 | $35,976 |
| = Gross Equity Income | $36,946 | $39,409 | $41,992 | $44,700 | $47,541 | $50,522 | $53,650 | $56,934 | $60,381 | $64,001 |
| Capitalization Rate | 8.7% | 8.5% | 8.2% | 8.0% | 7.8% | 7.6% | 7.4% | 7.1% | 6.9% | 6.7% |
| Cash on Cash Return | 13.2% | 14.3% | 15.3% | 16.4% | 17.5% | 18.7% | 19.9% | 21.1% | 22.4% | 23.7% |
| Return on Equity | 32.7% | 28.4% | 25.3% | 22.9% | 21.1% | 19.6% | 18.3% | 17.3% | 16.4% | 15.6% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $376,194 | $398,766 | $422,692 | $448,053 | $474,936 | $503,432 | $533,638 | $565,657 | $599,596 | $635,572 |
| - Loan Balance | ($263,200) | ($260,025) | ($256,639) | ($253,025) | ($249,169) | ($245,055) | ($240,665) | ($235,982) | ($230,984) | ($225,652) |
| = Equity | $112,994 | $138,740 | $166,053 | $195,028 | $225,767 | $258,378 | $292,973 | $329,675 | $368,612 | $409,919 |
| Loan-to-Value Ratio | 70.0% | 65.2% | 60.7% | 56.5% | 52.5% | 48.7% | 45.1% | 41.7% | 38.5% | 35.5% |
| Potential Cash-Out Refi | $75,375 | $98,864 | $123,784 | $150,223 | $178,274 | $208,034 | $239,609 | $273,109 | $308,652 | $346,362 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $112,994 | $138,740 | $166,053 | $195,028 | $225,767 | $258,378 | $292,973 | $329,675 | $368,612 | $409,919 |
| - Closing Costs | ($26,334) | ($27,914) | ($29,588) | ($31,364) | ($33,246) | ($35,240) | ($37,355) | ($39,596) | ($41,972) | ($44,490) |
| = Proceeds After Sale | $86,661 | $110,827 | $136,465 | $163,665 | $192,522 | $223,137 | $255,619 | $290,079 | $326,640 | $365,429 |
| + Cumulative Cash Flow | $12,677 | $26,340 | $41,019 | $56,743 | $73,545 | $91,457 | $110,512 | $130,744 | $152,189 | $174,882 |
| - Approximate Cash Invested | ($95,823) | ($95,823) | ($95,823) | ($95,823) | ($95,823) | ($95,823) | ($95,823) | ($95,823) | ($95,823) | ($95,823) |
| = Net Profit | $3,515 | $41,344 | $81,660 | $124,585 | $170,244 | $218,772 | $270,307 | $325,000 | $383,006 | $444,489 |
| Internal Rate of Return | 3.7% | 20.8% | 25.2% | 26.5% | 26.7% | 26.5% | 26.2% | 25.7% | 25.3% | 24.8% |
| Return on Investment | 3.7% | 43.1% | 85.2% | 130.0% | 177.7% | 228.3% | 282.1% | 339.2% | 399.7% | 463.9% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.