Turnkey Co-living
Stone Mountain, GA 30088
8bd • 5ba • Built: 1970 • Remodeled: 2025
SFR - being remodeled as we speak
| Estimated Square Feet | 2,250 | | Initial Market Value | $369,000 | | Purchase Price | $369,000 | | Downpayment | $92,250 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $7,380 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $99,630 | | Cost per Square Foot / per Bedroom | $164 / $46,125 | | Monthly Rent per SQFT / per Bedroom | $3.19 / $898 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $7,183 | $86,196 | | Vacancy Losses | ($1,006) | ($12,067) | | Operating Income | $6,177 | $74,129 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($477) | ($5,720) | | Insurance | ($200) | ($2,399) | | Management Fees | ($988) | ($11,861) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($359) | ($4,310) | | Other (Utilities, Supplies, etc.) | ($1,000) | ($12,000) | | Operating Expenses | ($3,024) | ($36,288) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $3,153 | $37,840 | | - Mortgage Payments | ($1,749) | ($20,991) | | = Cash Flow | $1,404 | $16,849 | | + Principal Reduction | $258 | $3,093 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $692 | $8,303 | | + First-Year Appreciation | $1,845 | $22,140 | | = Gross Equity Income | $4,199 | $50,385 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $276,750 | N/A | | Monthly Payment | $1,749.25 | N/A | | Loan Type | Amortizing Fixed | N/A | | Term | 30 Years | N/A | | Nominal / Real Interest Rate | 6.500% / 3.500% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 1.9% | | Debt Coverage Ratio | 1.80 | | Annual Gross Rent Multiplier | 4 | | Capitalization Rate | 10.3% | | Cash on Cash Return | 17% | | Return on Investment | 42% | | Return on Investment with IIDD | 51% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 14% | | Management Fee | 16% | | Maintenance Percentage | 5% |
| Comments |
|---|
| Will be sold turnkey, renovations begin April 1. Delivered May 5 |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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