Co-living
Decatur, GA 30034
8bd • 8ba • Built: 1971 • 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 | $106,080 | $109,262 | $112,540 | $115,916 | $119,394 | $122,976 | $126,665 | $130,465 | $134,379 | $138,410 |
| Vacancy Losses | ($14,851) | ($15,297) | ($15,756) | ($16,228) | ($16,715) | ($17,217) | ($17,733) | ($18,265) | ($18,813) | ($19,377) |
| Operating Income | $91,229 | $93,966 | $96,785 | $99,688 | $102,679 | $105,759 | $108,932 | $112,200 | $115,566 | $119,033 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($6,805) | ($7,009) | ($7,219) | ($7,435) | ($7,659) | ($7,888) | ($8,125) | ($8,369) | ($8,620) | ($8,878) |
| Insurance | ($2,854) | ($2,939) | ($3,027) | ($3,118) | ($3,212) | ($3,308) | ($3,407) | ($3,509) | ($3,615) | ($3,723) |
| Management Fees | ($14,597) | ($15,035) | ($15,486) | ($15,950) | ($16,429) | ($16,921) | ($17,429) | ($17,952) | ($18,491) | ($19,045) |
| 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 | ($4,243) | ($4,370) | ($4,502) | ($4,637) | ($4,776) | ($4,919) | ($5,067) | ($5,219) | ($5,375) | ($5,536) |
| Other | ($15,000) | ($15,450) | ($15,914) | ($16,391) | ($16,883) | ($17,389) | ($17,911) | ($18,448) | ($19,002) | ($19,572) |
| Operating Expenses | ($43,498) | ($44,803) | ($46,147) | ($47,531) | ($48,957) | ($50,426) | ($51,939) | ($53,497) | ($55,102) | ($56,755) |
| 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 | $47,731 | $49,163 | $50,638 | $52,157 | $53,722 | $55,333 | $56,993 | $58,703 | $60,464 | $62,278 |
| - Mortgage Payments | ($24,973) | ($24,973) | ($24,973) | ($24,973) | ($24,973) | ($24,973) | ($24,973) | ($24,973) | ($24,973) | ($24,973) |
| = Cash Flow | $22,758 | $24,190 | $25,665 | $27,184 | $28,749 | $30,360 | $32,020 | $33,730 | $35,491 | $37,305 |
| + Principal Reduction | $3,680 | $3,927 | $4,189 | $4,470 | $4,769 | $5,089 | $5,430 | $5,793 | $6,181 | $6,595 |
| + Appreciation | $26,340 | $27,920 | $29,596 | $31,371 | $33,254 | $35,249 | $37,364 | $39,606 | $41,982 | $44,501 |
| = Gross Equity Income | $52,778 | $56,037 | $59,450 | $63,025 | $66,772 | $70,698 | $74,814 | $79,129 | $83,654 | $88,401 |
| Capitalization Rate | 10.3% | 10.0% | 9.7% | 9.4% | 9.1% | 8.9% | 8.6% | 8.4% | 8.2% | 7.9% |
| Cash on Cash Return | 19.2% | 20.4% | 21.7% | 22.9% | 24.3% | 25.6% | 27.0% | 28.5% | 29.9% | 31.5% |
| Return on Equity | 37.8% | 32.7% | 28.9% | 26.1% | 23.9% | 22.1% | 20.6% | 19.4% | 18.3% | 17.4% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $465,340 | $493,260 | $522,856 | $554,227 | $587,481 | $622,730 | $660,094 | $699,699 | $741,681 | $786,182 |
| - Loan Balance | ($325,570) | ($321,643) | ($317,454) | ($312,984) | ($308,214) | ($303,126) | ($297,696) | ($291,903) | ($285,721) | ($279,126) |
| = Equity | $139,770 | $171,617 | $205,402 | $241,244 | $279,267 | $319,604 | $362,398 | $407,797 | $455,960 | $507,056 |
| 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 | $93,236 | $122,291 | $153,117 | $185,821 | $220,519 | $257,331 | $296,388 | $337,827 | $381,792 | $428,438 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $139,770 | $171,617 | $205,402 | $241,244 | $279,267 | $319,604 | $362,398 | $407,797 | $455,960 | $507,056 |
| - Closing Costs | ($32,574) | ($34,528) | ($36,600) | ($38,796) | ($41,124) | ($43,591) | ($46,207) | ($48,979) | ($51,918) | ($55,033) |
| = Proceeds After Sale | $107,196 | $137,089 | $168,802 | $202,448 | $238,143 | $276,013 | $316,191 | $358,818 | $404,042 | $452,023 |
| + Cumulative Cash Flow | $22,758 | $46,948 | $72,613 | $99,797 | $128,546 | $158,906 | $190,926 | $224,656 | $260,148 | $297,453 |
| - Approximate Cash Invested | ($118,530) | ($118,530) | ($118,530) | ($118,530) | ($118,530) | ($118,530) | ($118,530) | ($118,530) | ($118,530) | ($118,530) |
| = Net Profit | $11,424 | $65,507 | $122,885 | $183,714 | $248,158 | $316,389 | $388,587 | $464,944 | $545,660 | $630,946 |
| Internal Rate of Return | 9.6% | 26.6% | 30.8% | 31.8% | 31.8% | 31.4% | 30.9% | 30.4% | 29.8% | 29.3% |
| Return on Investment | 9.6% | 55.3% | 103.7% | 155.0% | 209.4% | 266.9% | 327.8% | 392.3% | 460.4% | 532.3% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.