Co-living 289
Atlanta, GA 30311
9bd • 9ba • 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 | $117,000 | $120,510 | $124,125 | $127,849 | $131,685 | $135,635 | $139,704 | $143,895 | $148,212 | $152,658 |
| Vacancy Losses | ($16,380) | ($16,871) | ($17,378) | ($17,899) | ($18,436) | ($18,989) | ($19,559) | ($20,145) | ($20,750) | ($21,372) |
| Operating Income | $100,620 | $103,639 | $106,748 | $109,950 | $113,249 | $116,646 | $120,146 | $123,750 | $127,462 | $131,286 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($6,706) | ($6,907) | ($7,114) | ($7,328) | ($7,548) | ($7,774) | ($8,007) | ($8,248) | ($8,495) | ($8,750) |
| Insurance | ($3,114) | ($3,207) | ($3,303) | ($3,402) | ($3,504) | ($3,609) | ($3,718) | ($3,829) | ($3,944) | ($4,062) |
| Management Fees | ($16,099) | ($16,582) | ($17,080) | ($17,592) | ($18,120) | ($18,663) | ($19,223) | ($19,800) | ($20,394) | ($21,006) |
| 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 | ($5,265) | ($5,423) | ($5,586) | ($5,753) | ($5,926) | ($6,104) | ($6,287) | ($6,475) | ($6,670) | ($6,870) |
| Other | ($15,000) | ($15,450) | ($15,914) | ($16,391) | ($16,883) | ($17,389) | ($17,911) | ($18,448) | ($19,002) | ($19,572) |
| Operating Expenses | ($46,184) | ($47,569) | ($48,996) | ($50,466) | ($51,980) | ($53,540) | ($55,146) | ($56,800) | ($58,504) | ($60,259) |
| 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 | $54,436 | $56,069 | $57,751 | $59,484 | $61,269 | $63,107 | $65,000 | $66,950 | $68,958 | $71,027 |
| - Mortgage Payments | ($27,248) | ($27,248) | ($27,248) | ($27,248) | ($27,248) | ($27,248) | ($27,248) | ($27,248) | ($27,248) | ($27,248) |
| = Cash Flow | $27,188 | $28,821 | $30,503 | $32,236 | $34,020 | $35,858 | $37,751 | $39,701 | $41,710 | $43,779 |
| + Principal Reduction | $4,015 | $4,284 | $4,571 | $4,877 | $5,204 | $5,553 | $5,924 | $6,321 | $6,745 | $7,196 |
| + Appreciation | $28,740 | $30,464 | $32,292 | $34,230 | $36,284 | $38,461 | $40,768 | $43,214 | $45,807 | $48,556 |
| = Gross Equity Income | $59,943 | $63,570 | $67,367 | $71,343 | $75,508 | $79,871 | $84,444 | $89,237 | $94,262 | $99,530 |
| Capitalization Rate | 10.7% | 10.4% | 10.1% | 9.8% | 9.6% | 9.3% | 9.0% | 8.8% | 8.5% | 8.3% |
| Cash on Cash Return | 20.3% | 21.5% | 22.7% | 24.0% | 25.4% | 26.7% | 28.1% | 29.6% | 31.1% | 32.6% |
| Return on Equity | 39.3% | 33.9% | 30.1% | 27.1% | 24.8% | 22.9% | 21.4% | 20.1% | 18.9% | 18.0% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $507,740 | $538,204 | $570,497 | $604,726 | $641,010 | $679,471 | $720,239 | $763,453 | $809,260 | $857,816 |
| - Loan Balance | ($355,235) | ($350,950) | ($346,379) | ($341,502) | ($336,298) | ($330,745) | ($324,821) | ($318,500) | ($311,755) | ($304,559) |
| = Equity | $152,505 | $187,254 | $224,118 | $263,225 | $304,712 | $348,725 | $395,418 | $444,954 | $497,505 | $553,257 |
| 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 | $101,731 | $133,434 | $167,068 | $202,752 | $240,611 | $280,778 | $323,394 | $368,608 | $416,579 | $467,476 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $152,505 | $187,254 | $224,118 | $263,225 | $304,712 | $348,725 | $395,418 | $444,954 | $497,505 | $553,257 |
| - Closing Costs | ($35,542) | ($37,674) | ($39,935) | ($42,331) | ($44,871) | ($47,563) | ($50,417) | ($53,442) | ($56,648) | ($60,047) |
| = Proceeds After Sale | $116,964 | $149,580 | $184,183 | $220,894 | $259,842 | $301,163 | $345,001 | $391,512 | $440,857 | $493,210 |
| + Cumulative Cash Flow | $27,188 | $56,009 | $86,512 | $118,748 | $152,768 | $188,626 | $226,377 | $266,079 | $307,789 | $351,567 |
| - Approximate Cash Invested | ($134,120) | ($134,120) | ($134,120) | ($134,120) | ($134,120) | ($134,120) | ($134,120) | ($134,120) | ($134,120) | ($134,120) |
| = Net Profit | $10,031 | $71,469 | $136,575 | $205,521 | $278,489 | $355,668 | $437,259 | $523,471 | $614,526 | $710,657 |
| Internal Rate of Return | 7.5% | 25.9% | 30.6% | 31.9% | 32.1% | 31.8% | 31.4% | 30.9% | 30.4% | 29.9% |
| Return on Investment | 7.5% | 53.3% | 101.8% | 153.2% | 207.6% | 265.2% | 326.0% | 390.3% | 458.2% | 529.9% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.