Co-living 34
Atlanta, GA 30331
8bd • 8ba • Built: 1964 • 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 | $105,600 | $108,768 | $112,031 | $115,392 | $118,854 | $122,419 | $126,092 | $129,875 | $133,771 | $137,784 |
| Vacancy Losses | ($14,784) | ($15,228) | ($15,684) | ($16,155) | ($16,640) | ($17,139) | ($17,653) | ($18,182) | ($18,728) | ($19,290) |
| Operating Income | $90,816 | $93,540 | $96,347 | $99,237 | $102,214 | $105,281 | $108,439 | $111,692 | $115,043 | $118,494 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($6,566) | ($6,763) | ($6,966) | ($7,175) | ($7,390) | ($7,612) | ($7,840) | ($8,075) | ($8,318) | ($8,567) |
| Insurance | ($3,049) | ($3,140) | ($3,234) | ($3,331) | ($3,431) | ($3,534) | ($3,640) | ($3,749) | ($3,862) | ($3,978) |
| Management Fees | ($14,531) | ($14,966) | ($15,415) | ($15,878) | ($16,354) | ($16,845) | ($17,350) | ($17,871) | ($18,407) | ($18,959) |
| 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 | ($4,752) | ($4,895) | ($5,041) | ($5,193) | ($5,348) | ($5,509) | ($5,674) | ($5,844) | ($6,020) | ($6,200) |
| Other | ($13,200) | ($13,596) | ($14,004) | ($14,424) | ($14,857) | ($15,302) | ($15,761) | ($16,234) | ($16,721) | ($17,223) |
| Operating Expenses | ($42,097) | ($43,360) | ($44,661) | ($46,001) | ($47,381) | ($48,802) | ($50,266) | ($51,774) | ($53,327) | ($54,927) |
| 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 | $48,719 | $50,181 | $51,686 | $53,237 | $54,834 | $56,479 | $58,173 | $59,918 | $61,716 | $63,567 |
| - Mortgage Payments | ($26,680) | ($26,680) | ($26,680) | ($26,680) | ($26,680) | ($26,680) | ($26,680) | ($26,680) | ($26,680) | ($26,680) |
| = Cash Flow | $22,039 | $23,501 | $25,006 | $26,557 | $28,154 | $29,799 | $31,493 | $33,239 | $35,036 | $36,888 |
| + Principal Reduction | $3,932 | $4,195 | $4,476 | $4,776 | $5,095 | $5,437 | $5,801 | $6,189 | $6,604 | $7,046 |
| + Appreciation | $28,140 | $29,828 | $31,618 | $33,515 | $35,526 | $37,658 | $39,917 | $42,312 | $44,851 | $47,542 |
| = Gross Equity Income | $54,111 | $57,524 | $61,100 | $64,848 | $68,776 | $72,893 | $77,211 | $81,740 | $86,491 | $91,476 |
| Capitalization Rate | 9.8% | 9.5% | 9.3% | 9.0% | 8.7% | 8.5% | 8.2% | 8.0% | 7.8% | 7.6% |
| Cash on Cash Return | 16.8% | 17.9% | 19.0% | 20.2% | 21.4% | 22.7% | 24.0% | 25.3% | 26.7% | 28.1% |
| Return on Equity | 36.2% | 31.4% | 27.8% | 25.2% | 23.1% | 21.3% | 19.9% | 18.8% | 17.8% | 16.9% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $497,140 | $526,968 | $558,587 | $592,102 | $627,628 | $665,285 | $705,203 | $747,515 | $792,366 | $839,908 |
| - Loan Balance | ($347,818) | ($343,623) | ($339,148) | ($334,372) | ($329,277) | ($323,840) | ($318,039) | ($311,850) | ($305,246) | ($298,200) |
| = Equity | $149,322 | $183,345 | $219,439 | $257,730 | $298,351 | $341,446 | $387,164 | $435,665 | $487,120 | $541,708 |
| 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 | $99,608 | $130,648 | $163,580 | $198,520 | $235,588 | $274,917 | $316,643 | $360,914 | $407,883 | $457,717 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $149,322 | $183,345 | $219,439 | $257,730 | $298,351 | $341,446 | $387,164 | $435,665 | $487,120 | $541,708 |
| - Closing Costs | ($34,800) | ($36,888) | ($39,101) | ($41,447) | ($43,934) | ($46,570) | ($49,364) | ($52,326) | ($55,466) | ($58,794) |
| = Proceeds After Sale | $114,522 | $146,457 | $180,338 | $216,283 | $254,417 | $294,876 | $337,799 | $383,339 | $431,654 | $482,914 |
| + Cumulative Cash Flow | $22,039 | $45,540 | $70,547 | $97,103 | $125,257 | $155,056 | $186,550 | $219,788 | $254,824 | $291,712 |
| - Approximate Cash Invested | ($131,320) | ($131,320) | ($131,320) | ($131,320) | ($131,320) | ($131,320) | ($131,320) | ($131,320) | ($131,320) | ($131,320) |
| = Net Profit | $5,241 | $60,677 | $119,564 | $182,066 | $248,355 | $318,612 | $393,029 | $471,807 | $555,159 | $643,306 |
| Internal Rate of Return | 4.0% | 22.5% | 27.3% | 28.8% | 29.1% | 28.9% | 28.5% | 28.1% | 27.6% | 27.2% |
| Return on Investment | 4.0% | 46.2% | 91.0% | 138.6% | 189.1% | 242.6% | 299.3% | 359.3% | 422.8% | 489.9% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.