This is a static proforma, easily create your own dynamic proformas for FREE at www.PropertyTracker.com.
IN ESCROW
Co-living 34
Atlanta, GA 30331
8bd • 8ba • Built: 1964 • Remodeled: 2025
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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 | ($12,672) | ($13,052) | ($13,444) | ($13,847) | ($14,262) | ($14,690) | ($15,131) | ($15,585) | ($16,053) | ($16,534) |
| Operating Income | $92,928 | $95,716 | $98,587 | $101,545 | $104,591 | $107,729 | $110,961 | $114,290 | $117,718 | $121,250 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Property Taxes | ($5,159) | ($5,314) | ($5,473) | ($5,637) | ($5,806) | ($5,981) | ($6,160) | ($6,345) | ($6,535) | ($6,731) |
| Insurance | ($2,814) | ($2,898) | ($2,985) | ($3,075) | ($3,167) | ($3,262) | ($3,360) | ($3,461) | ($3,565) | ($3,672) |
| Management Fees | ($14,868) | ($15,315) | ($15,774) | ($16,247) | ($16,735) | ($17,237) | ($17,754) | ($18,286) | ($18,835) | ($19,400) |
| 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 | ($6,336) | ($6,526) | ($6,722) | ($6,924) | ($7,131) | ($7,345) | ($7,566) | ($7,792) | ($8,026) | ($8,267) |
| Other | ($13,200) | ($13,596) | ($14,004) | ($14,424) | ($14,857) | ($15,302) | ($15,761) | ($16,234) | ($16,721) | ($17,223) |
| Operating Expenses | ($42,377) | ($43,649) | ($44,958) | ($46,307) | ($47,696) | ($49,127) | ($50,601) | ($52,119) | ($53,683) | ($55,293) |
| 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 | $50,551 | $52,067 | $53,629 | $55,238 | $56,895 | $58,602 | $60,360 | $62,171 | $64,036 | $65,957 |
| - Mortgage Payments | ($26,680) | ($26,680) | ($26,680) | ($26,680) | ($26,680) | ($26,680) | ($26,680) | ($26,680) | ($26,680) | ($26,680) |
| = Cash Flow | $23,871 | $25,387 | $26,949 | $28,558 | $30,215 | $31,922 | $33,680 | $35,491 | $37,356 | $39,277 |
| + 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 | $55,943 | $59,411 | $63,043 | $66,849 | $70,837 | $75,017 | $79,398 | $83,993 | $88,811 | $93,865 |
| Capitalization Rate | 10.2% | 9.9% | 9.6% | 9.3% | 9.1% | 8.8% | 8.6% | 8.3% | 8.1% | 7.9% |
| Cash on Cash Return | 18.2% | 19.3% | 20.5% | 21.7% | 23.0% | 24.3% | 25.6% | 27.0% | 28.4% | 29.9% |
| Return on Equity | 37.5% | 32.4% | 28.7% | 25.9% | 23.7% | 22.0% | 20.5% | 19.3% | 18.2% | 17.3% |
| 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 | $23,871 | $49,258 | $76,208 | $104,766 | $134,982 | $166,904 | $200,584 | $236,075 | $273,432 | $312,709 |
| - 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 | $7,073 | $64,395 | $125,226 | $189,729 | $258,079 | $330,460 | $407,064 | $488,094 | $573,766 | $664,303 |
| Internal Rate of Return | 5.4% | 23.8% | 28.6% | 30.0% | 30.3% | 30.0% | 29.6% | 29.2% | 28.7% | 28.3% |
| Return on Investment | 5.4% | 49.0% | 95.4% | 144.5% | 196.5% | 251.6% | 310.0% | 371.7% | 436.9% | 505.9% |
Learn How to Read a Performa
