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 | ($10,608) | ($10,926) | ($11,254) | ($11,592) | ($11,939) | ($12,298) | ($12,667) | ($13,047) | ($13,438) | ($13,841) |
| Operating Income | $95,472 | $98,336 | $101,286 | $104,325 | $107,455 | $110,678 | $113,999 | $117,419 | $120,941 | $124,569 |
| 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 | ($2,985) | ($3,075) | ($3,167) | ($3,262) | ($3,360) | ($3,461) | ($3,564) | ($3,671) | ($3,782) | ($3,895) |
| Management Fees | ($15,276) | ($15,734) | ($16,206) | ($16,692) | ($17,193) | ($17,709) | ($18,240) | ($18,787) | ($19,351) | ($19,931) |
| Leasing/Advertising Fees | ($2,500) | ($2,575) | ($2,652) | ($2,732) | ($2,814) | ($2,898) | ($2,985) | ($3,075) | ($3,167) | ($3,262) |
| 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 | ($46,808) | ($48,213) | ($49,659) | ($51,149) | ($52,683) | ($54,264) | ($55,892) | ($57,568) | ($59,296) | ($61,074) |
| 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 | $48,664 | $50,123 | $51,627 | $53,176 | $54,771 | $56,414 | $58,107 | $59,850 | $61,646 | $63,495 |
| - Mortgage Payments | ($24,973) | ($24,973) | ($24,973) | ($24,973) | ($24,973) | ($24,973) | ($24,973) | ($24,973) | ($24,973) | ($24,973) |
| = Cash Flow | $23,691 | $25,151 | $26,654 | $28,203 | $29,798 | $31,441 | $33,134 | $34,877 | $36,673 | $38,522 |
| + 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 | $53,711 | $56,997 | $60,439 | $64,044 | $67,821 | $71,779 | $75,927 | $80,276 | $84,836 | $89,618 |
| Capitalization Rate | 10.5% | 10.2% | 9.9% | 9.6% | 9.3% | 9.1% | 8.8% | 8.6% | 8.3% | 8.1% |
| Cash on Cash Return | 20.0% | 21.2% | 22.5% | 23.8% | 25.1% | 26.5% | 28.0% | 29.4% | 30.9% | 32.5% |
| Return on Equity | 38.4% | 33.2% | 29.4% | 26.5% | 24.3% | 22.5% | 21.0% | 19.7% | 18.6% | 17.7% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $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 | $23,691 | $48,841 | $75,495 | $103,698 | $133,497 | $164,938 | $198,072 | $232,949 | $269,622 | $308,144 |
| - 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 | $12,357 | $67,400 | $125,768 | $187,616 | $253,110 | $322,421 | $395,733 | $473,237 | $555,134 | $641,637 |
| Internal Rate of Return | 10.4% | 27.4% | 31.5% | 32.5% | 32.5% | 32.1% | 31.6% | 31.0% | 30.5% | 29.9% |
| Return on Investment | 10.4% | 56.9% | 106.1% | 158.3% | 213.5% | 272.0% | 333.9% | 399.3% | 468.3% | 541.3% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.