Turnkey Co-living
Stone Mountain, GA 30088
8bd • 5ba • Built: 1970 • 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 | $86,196 | $88,782 | $91,445 | $94,189 | $97,014 | $99,925 | $102,923 | $106,010 | $109,191 | $112,466 |
| Vacancy Losses | ($12,067) | ($12,429) | ($12,802) | ($13,186) | ($13,582) | ($13,989) | ($14,409) | ($14,841) | ($15,287) | ($15,745) |
| Operating Income | $74,129 | $76,352 | $78,643 | $81,002 | $83,432 | $85,935 | $88,513 | $91,169 | $93,904 | $96,721 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($5,720) | ($5,891) | ($6,068) | ($6,250) | ($6,437) | ($6,630) | ($6,829) | ($7,034) | ($7,245) | ($7,463) |
| Insurance | ($2,399) | ($2,470) | ($2,545) | ($2,621) | ($2,700) | ($2,781) | ($2,864) | ($2,950) | ($3,038) | ($3,129) |
| Management Fees | ($11,861) | ($12,216) | ($12,583) | ($12,960) | ($13,349) | ($13,750) | ($14,162) | ($14,587) | ($15,025) | ($15,475) |
| 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 | ($4,310) | ($4,439) | ($4,572) | ($4,709) | ($4,851) | ($4,996) | ($5,146) | ($5,301) | ($5,460) | ($5,623) |
| Other | ($12,000) | ($12,360) | ($12,731) | ($13,113) | ($13,506) | ($13,911) | ($14,329) | ($14,758) | ($15,201) | ($15,657) |
| Operating Expenses | ($36,288) | ($37,377) | ($38,498) | ($39,653) | ($40,843) | ($42,068) | ($43,330) | ($44,630) | ($45,969) | ($47,348) |
| 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 | $37,840 | $38,975 | $40,145 | $41,349 | $42,589 | $43,867 | $45,183 | $46,539 | $47,935 | $49,373 |
| - Mortgage Payments | ($20,991) | ($20,991) | ($20,991) | ($20,991) | ($20,991) | ($20,991) | ($20,991) | ($20,991) | ($20,991) | ($20,991) |
| = Cash Flow | $16,849 | $17,984 | $19,154 | $20,358 | $21,598 | $22,876 | $24,192 | $25,548 | $26,944 | $28,382 |
| + Principal Reduction | $3,093 | $3,300 | $3,522 | $3,757 | $4,009 | $4,278 | $4,564 | $4,870 | $5,196 | $5,544 |
| + Appreciation | $22,140 | $23,468 | $24,877 | $26,369 | $27,951 | $29,628 | $31,406 | $33,290 | $35,288 | $37,405 |
| = Gross Equity Income | $42,083 | $44,753 | $47,552 | $50,484 | $53,559 | $56,782 | $60,162 | $63,708 | $67,427 | $71,331 |
| Capitalization Rate | 9.7% | 9.4% | 9.1% | 8.9% | 8.6% | 8.4% | 8.1% | 7.9% | 7.7% | 7.5% |
| Cash on Cash Return | 16.9% | 18.1% | 19.2% | 20.4% | 21.7% | 23.0% | 24.3% | 25.6% | 27.0% | 28.5% |
| Return on Equity | 35.8% | 31.0% | 27.5% | 24.9% | 22.8% | 21.1% | 19.8% | 18.6% | 17.6% | 16.7% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $391,140 | $414,608 | $439,485 | $465,854 | $493,805 | $523,434 | $554,840 | $588,130 | $623,418 | $660,823 |
| - Loan Balance | ($273,657) | ($270,356) | ($266,835) | ($263,077) | ($259,068) | ($254,791) | ($250,227) | ($245,357) | ($240,161) | ($234,618) |
| = Equity | $117,483 | $144,252 | $172,650 | $202,777 | $234,737 | $268,643 | $304,613 | $342,773 | $383,256 | $426,205 |
| 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 | $78,369 | $102,791 | $128,702 | $156,191 | $185,356 | $216,299 | $249,129 | $283,960 | $320,915 | $360,123 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $117,483 | $144,252 | $172,650 | $202,777 | $234,737 | $268,643 | $304,613 | $342,773 | $383,256 | $426,205 |
| - Closing Costs | ($27,380) | ($29,023) | ($30,764) | ($32,610) | ($34,566) | ($36,640) | ($38,839) | ($41,169) | ($43,639) | ($46,258) |
| = Proceeds After Sale | $90,104 | $115,230 | $141,886 | $170,167 | $200,171 | $232,002 | $265,774 | $301,604 | $339,617 | $379,948 |
| + Cumulative Cash Flow | $16,849 | $34,834 | $53,987 | $74,345 | $95,944 | $118,820 | $143,012 | $168,560 | $195,504 | $223,885 |
| - Approximate Cash Invested | ($99,630) | ($99,630) | ($99,630) | ($99,630) | ($99,630) | ($99,630) | ($99,630) | ($99,630) | ($99,630) | ($99,630) |
| = Net Profit | $7,323 | $50,433 | $96,244 | $144,882 | $196,484 | $251,192 | $309,156 | $370,533 | $435,491 | $504,203 |
| Internal Rate of Return | 7.3% | 24.4% | 28.6% | 29.8% | 29.8% | 29.5% | 29.1% | 28.6% | 28.1% | 27.6% |
| Return on Investment | 7.3% | 50.6% | 96.6% | 145.4% | 197.2% | 252.1% | 310.3% | 371.9% | 437.1% | 506.1% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.