Co-living
Atlanta, GA 30331
7bd • 6ba • Built: 1963 • Remodeled: 2026
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $93,600 | $96,408 | $99,300 | $102,279 | $105,348 | $108,508 | $111,763 | $115,116 | $118,570 | $122,127 |
| Vacancy Losses | ($13,104) | ($13,497) | ($13,902) | ($14,319) | ($14,749) | ($15,191) | ($15,647) | ($16,116) | ($16,600) | ($17,098) |
| Operating Income | $80,496 | $82,911 | $85,398 | $87,960 | $90,599 | $93,317 | $96,116 | $99,000 | $101,970 | $105,029 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($5,348) | ($5,508) | ($5,674) | ($5,844) | ($6,019) | ($6,200) | ($6,386) | ($6,577) | ($6,775) | ($6,978) |
| Insurance | ($2,483) | ($2,557) | ($2,634) | ($2,713) | ($2,795) | ($2,878) | ($2,965) | ($3,054) | ($3,145) | ($3,240) |
| Management Fees | ($12,879) | ($13,266) | ($13,664) | ($14,074) | ($14,496) | ($14,931) | ($15,379) | ($15,840) | ($16,315) | ($16,805) |
| 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 | ($4,212) | ($4,338) | ($4,469) | ($4,603) | ($4,741) | ($4,883) | ($5,029) | ($5,180) | ($5,336) | ($5,496) |
| Other | ($13,200) | ($13,596) | ($14,004) | ($14,424) | ($14,857) | ($15,302) | ($15,761) | ($16,234) | ($16,721) | ($17,223) |
| Operating Expenses | ($38,122) | ($39,266) | ($40,444) | ($41,657) | ($42,907) | ($44,194) | ($45,520) | ($46,886) | ($48,292) | ($49,741) |
| 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 | $42,374 | $43,645 | $44,954 | $46,303 | $47,692 | $49,123 | $50,596 | $52,114 | $53,678 | $55,288 |
| - Mortgage Payments | ($21,730) | ($21,730) | ($21,730) | ($21,730) | ($21,730) | ($21,730) | ($21,730) | ($21,730) | ($21,730) | ($21,730) |
| = Cash Flow | $20,643 | $21,914 | $23,224 | $24,572 | $25,961 | $27,392 | $28,866 | $30,384 | $31,947 | $33,558 |
| + Principal Reduction | $3,202 | $3,417 | $3,646 | $3,890 | $4,150 | $4,428 | $4,725 | $5,041 | $5,379 | $5,739 |
| + Appreciation | $22,920 | $24,295 | $25,753 | $27,298 | $28,936 | $30,672 | $32,512 | $34,463 | $36,531 | $38,723 |
| = Gross Equity Income | $46,765 | $49,626 | $52,622 | $55,760 | $59,048 | $62,492 | $66,103 | $69,888 | $73,857 | $78,019 |
| 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 | 19.3% | 20.5% | 21.7% | 23.0% | 24.3% | 25.6% | 27.0% | 28.4% | 29.9% | 31.4% |
| Return on Equity | 38.5% | 33.2% | 29.4% | 26.6% | 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 | $404,920 | $429,215 | $454,968 | $482,266 | $511,202 | $541,874 | $574,387 | $608,850 | $645,381 | $684,104 |
| - Loan Balance | ($283,298) | ($279,881) | ($276,236) | ($272,346) | ($268,196) | ($263,768) | ($259,043) | ($254,002) | ($248,623) | ($242,884) |
| = Equity | $121,622 | $149,334 | $178,733 | $209,920 | $243,006 | $278,107 | $315,344 | $354,848 | $396,758 | $441,219 |
| 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 | $81,130 | $106,413 | $133,236 | $161,694 | $191,886 | $223,919 | $257,905 | $293,963 | $332,220 | $372,809 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $121,622 | $149,334 | $178,733 | $209,920 | $243,006 | $278,107 | $315,344 | $354,848 | $396,758 | $441,219 |
| - Closing Costs | ($28,344) | ($30,045) | ($31,848) | ($33,759) | ($35,784) | ($37,931) | ($40,207) | ($42,619) | ($45,177) | ($47,887) |
| = Proceeds After Sale | $93,278 | $119,289 | $146,885 | $176,162 | $207,222 | $240,175 | $275,137 | $312,228 | $351,581 | $393,332 |
| + Cumulative Cash Flow | $20,643 | $42,558 | $65,781 | $90,354 | $116,315 | $143,707 | $172,573 | $202,957 | $234,904 | $268,462 |
| - Approximate Cash Invested | ($106,960) | ($106,960) | ($106,960) | ($106,960) | ($106,960) | ($106,960) | ($106,960) | ($106,960) | ($106,960) | ($106,960) |
| = Net Profit | $6,961 | $54,887 | $105,706 | $159,555 | $216,577 | $276,923 | $340,750 | $408,226 | $479,525 | $554,834 |
| Internal Rate of Return | 6.5% | 25.0% | 29.7% | 31.0% | 31.2% | 31.0% | 30.6% | 30.1% | 29.6% | 29.1% |
| Return on Investment | 6.5% | 51.3% | 98.8% | 149.2% | 202.5% | 258.9% | 318.6% | 381.7% | 448.3% | 518.7% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.