Co-living
Atlanta, GA 30311
7bd • 7ba • 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 | $90,996 | $93,726 | $96,538 | $99,434 | $102,417 | $105,489 | $108,654 | $111,914 | $115,271 | $118,729 |
| Vacancy Losses | ($12,739) | ($13,122) | ($13,515) | ($13,921) | ($14,338) | ($14,769) | ($15,212) | ($15,668) | ($16,138) | ($16,622) |
| Operating Income | $78,257 | $80,604 | $83,022 | $85,513 | $88,078 | $90,721 | $93,442 | $96,246 | $99,133 | $102,107 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($5,586) | ($5,754) | ($5,926) | ($6,104) | ($6,287) | ($6,476) | ($6,670) | ($6,870) | ($7,076) | ($7,288) |
| Insurance | ($2,594) | ($2,671) | ($2,751) | ($2,834) | ($2,919) | ($3,007) | ($3,097) | ($3,190) | ($3,285) | ($3,384) |
| Management Fees | ($12,521) | ($12,897) | ($13,284) | ($13,682) | ($14,093) | ($14,515) | ($14,951) | ($15,399) | ($15,861) | ($16,337) |
| 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 | ($4,095) | ($4,218) | ($4,344) | ($4,475) | ($4,609) | ($4,747) | ($4,889) | ($5,036) | ($5,187) | ($5,343) |
| Other | ($13,200) | ($13,596) | ($14,004) | ($14,424) | ($14,857) | ($15,302) | ($15,761) | ($16,234) | ($16,721) | ($17,223) |
| Operating Expenses | ($37,995) | ($39,135) | ($40,309) | ($41,519) | ($42,764) | ($44,047) | ($45,368) | ($46,730) | ($48,131) | ($49,575) |
| 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 | $40,261 | $41,469 | $42,713 | $43,994 | $45,314 | $46,674 | $48,074 | $49,516 | $51,002 | $52,532 |
| - Mortgage Payments | ($22,698) | ($22,698) | ($22,698) | ($22,698) | ($22,698) | ($22,698) | ($22,698) | ($22,698) | ($22,698) | ($22,698) |
| = Cash Flow | $17,564 | $18,772 | $20,016 | $21,297 | $22,617 | $23,976 | $25,376 | $26,819 | $28,304 | $29,834 |
| + Principal Reduction | $3,345 | $3,569 | $3,808 | $4,063 | $4,335 | $4,625 | $4,935 | $5,265 | $5,618 | $5,994 |
| + Appreciation | $23,940 | $25,376 | $26,899 | $28,513 | $30,224 | $32,037 | $33,959 | $35,997 | $38,157 | $40,446 |
| = Gross Equity Income | $44,848 | $47,717 | $50,722 | $53,873 | $57,175 | $60,639 | $64,271 | $68,081 | $72,079 | $76,275 |
| Capitalization Rate | 9.5% | 9.2% | 9.0% | 8.7% | 8.5% | 8.2% | 8.0% | 7.8% | 7.6% | 7.4% |
| Cash on Cash Return | 15.7% | 16.8% | 17.9% | 19.1% | 20.2% | 21.5% | 22.7% | 24.0% | 25.3% | 26.7% |
| Return on Equity | 35.3% | 30.6% | 27.2% | 24.6% | 22.5% | 20.9% | 19.5% | 18.4% | 17.4% | 16.6% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $422,940 | $448,316 | $475,215 | $503,728 | $533,952 | $565,989 | $599,948 | $635,945 | $674,102 | $714,548 |
| - Loan Balance | ($295,905) | ($292,337) | ($288,529) | ($284,466) | ($280,131) | ($275,506) | ($270,571) | ($265,306) | ($259,688) | ($253,693) |
| = Equity | $127,035 | $155,980 | $186,687 | $219,262 | $253,821 | $290,483 | $329,377 | $370,640 | $414,415 | $460,855 |
| 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 | $84,741 | $111,148 | $139,165 | $168,890 | $200,426 | $233,884 | $269,383 | $307,045 | $347,004 | $389,400 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $127,035 | $155,980 | $186,687 | $219,262 | $253,821 | $290,483 | $329,377 | $370,640 | $414,415 | $460,855 |
| - Closing Costs | ($29,606) | ($31,382) | ($33,265) | ($35,261) | ($37,377) | ($39,619) | ($41,996) | ($44,516) | ($47,187) | ($50,018) |
| = Proceeds After Sale | $97,429 | $124,598 | $153,422 | $184,001 | $216,444 | $250,864 | $287,381 | $326,124 | $367,227 | $410,837 |
| + Cumulative Cash Flow | $17,564 | $36,335 | $56,351 | $77,648 | $100,265 | $124,241 | $149,617 | $176,436 | $204,740 | $234,574 |
| - Approximate Cash Invested | ($111,720) | ($111,720) | ($111,720) | ($111,720) | ($111,720) | ($111,720) | ($111,720) | ($111,720) | ($111,720) | ($111,720) |
| = Net Profit | $3,273 | $49,213 | $98,052 | $149,929 | $204,989 | $263,385 | $325,278 | $390,839 | $460,247 | $533,691 |
| Internal Rate of Return | 2.9% | 21.4% | 26.3% | 27.8% | 28.1% | 28.0% | 27.7% | 27.2% | 26.8% | 26.4% |
| Return on Investment | 2.9% | 44.1% | 87.8% | 134.2% | 183.5% | 235.8% | 291.2% | 349.8% | 412.0% | 477.7% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.