Co-living
East Point, GA 30344
8bd • 6ba • Built: 1970 • 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 | $89,172 | $91,847 | $94,603 | $97,441 | $100,364 | $103,375 | $106,476 | $109,670 | $112,960 | $116,349 |
| Vacancy Losses | ($12,484) | ($12,859) | ($13,244) | ($13,642) | ($14,051) | ($14,472) | ($14,907) | ($15,354) | ($15,814) | ($16,289) |
| Operating Income | $76,688 | $78,989 | $81,358 | $83,799 | $86,313 | $88,902 | $91,569 | $94,316 | $97,146 | $100,060 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($5,236) | ($5,393) | ($5,555) | ($5,722) | ($5,893) | ($6,070) | ($6,252) | ($6,440) | ($6,633) | ($6,832) |
| Insurance | ($2,431) | ($2,504) | ($2,579) | ($2,656) | ($2,736) | ($2,818) | ($2,903) | ($2,990) | ($3,080) | ($3,172) |
| Management Fees | ($12,270) | ($12,638) | ($13,017) | ($13,408) | ($13,810) | ($14,224) | ($14,651) | ($15,091) | ($15,543) | ($16,010) |
| 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 | ($4,013) | ($4,133) | ($4,257) | ($4,385) | ($4,516) | ($4,652) | ($4,791) | ($4,935) | ($5,083) | ($5,236) |
| Other | ($12,600) | ($12,978) | ($13,367) | ($13,768) | ($14,181) | ($14,607) | ($15,045) | ($15,496) | ($15,961) | ($16,440) |
| Operating Expenses | ($36,550) | ($37,646) | ($38,776) | ($39,939) | ($41,137) | ($42,371) | ($43,642) | ($44,952) | ($46,300) | ($47,689) |
| 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 | $40,138 | $41,342 | $42,583 | $43,860 | $45,176 | $46,531 | $47,927 | $49,365 | $50,846 | $52,371 |
| - Mortgage Payments | ($21,832) | ($21,832) | ($21,832) | ($21,832) | ($21,832) | ($21,832) | ($21,832) | ($21,832) | ($21,832) | ($21,832) |
| = Cash Flow | $18,306 | $19,510 | $20,751 | $22,028 | $23,344 | $24,699 | $26,095 | $27,533 | $29,014 | $30,539 |
| + Principal Reduction | $2,989 | $3,198 | $3,420 | $3,658 | $3,913 | $4,186 | $4,477 | $4,789 | $5,122 | $5,479 |
| + Appreciation | $22,440 | $23,786 | $25,214 | $26,726 | $28,330 | $30,030 | $31,832 | $33,741 | $35,766 | $37,912 |
| = Gross Equity Income | $43,736 | $46,494 | $49,385 | $52,413 | $55,587 | $58,915 | $62,404 | $66,063 | $69,902 | $73,930 |
| Capitalization Rate | 10.1% | 9.8% | 9.6% | 9.3% | 9.0% | 8.8% | 8.5% | 8.3% | 8.0% | 7.8% |
| Cash on Cash Return | 17.5% | 18.6% | 19.8% | 21.0% | 22.3% | 23.6% | 24.9% | 26.3% | 27.7% | 29.2% |
| Return on Equity | 36.8% | 31.9% | 28.3% | 25.6% | 23.4% | 21.7% | 20.3% | 19.1% | 18.1% | 17.2% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $396,440 | $420,226 | $445,440 | $472,166 | $500,496 | $530,526 | $562,358 | $596,099 | $631,865 | $669,777 |
| - Loan Balance | ($277,511) | ($274,313) | ($270,893) | ($267,234) | ($263,321) | ($259,136) | ($254,659) | ($249,870) | ($244,748) | ($239,269) |
| = Equity | $118,929 | $145,913 | $174,547 | $204,932 | $237,175 | $271,391 | $307,699 | $346,229 | $387,117 | $430,508 |
| Loan-to-Value Ratio | 70.0% | 65.3% | 60.8% | 56.6% | 52.6% | 48.8% | 45.3% | 41.9% | 38.7% | 35.7% |
| Potential Cash-Out Refi | $79,285 | $103,891 | $130,003 | $157,715 | $187,126 | $218,338 | $251,463 | $286,619 | $323,931 | $363,530 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $118,929 | $145,913 | $174,547 | $204,932 | $237,175 | $271,391 | $307,699 | $346,229 | $387,117 | $430,508 |
| - Closing Costs | ($27,751) | ($29,416) | ($31,181) | ($33,052) | ($35,035) | ($37,137) | ($39,365) | ($41,727) | ($44,231) | ($46,884) |
| = Proceeds After Sale | $91,179 | $116,498 | $143,367 | $171,880 | $202,140 | $234,254 | $268,334 | $304,502 | $342,887 | $383,624 |
| + Cumulative Cash Flow | $18,306 | $37,817 | $58,567 | $80,596 | $103,939 | $128,639 | $154,734 | $182,267 | $211,281 | $241,820 |
| - Approximate Cash Invested | ($104,720) | ($104,720) | ($104,720) | ($104,720) | ($104,720) | ($104,720) | ($104,720) | ($104,720) | ($104,720) | ($104,720) |
| = Net Profit | $4,765 | $49,594 | $97,214 | $147,756 | $201,360 | $258,172 | $318,348 | $382,049 | $449,448 | $520,724 |
| Internal Rate of Return | 4.6% | 23.0% | 27.9% | 29.3% | 29.6% | 29.4% | 29.1% | 28.6% | 28.2% | 27.7% |
| Return on Investment | 4.6% | 47.4% | 92.8% | 141.1% | 192.3% | 246.5% | 304.0% | 364.8% | 429.2% | 497.3% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.