31 Co-Living
Atlanta, GA 30331
9bd • 8ba • Built: 1966 • 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 | $103,920 | $107,038 | $110,249 | $113,556 | $116,963 | $120,472 | $124,086 | $127,808 | $131,643 | $135,592 |
| Vacancy Losses | ($14,549) | ($14,985) | ($15,435) | ($15,898) | ($16,375) | ($16,866) | ($17,372) | ($17,893) | ($18,430) | ($18,983) |
| Operating Income | $89,371 | $92,052 | $94,814 | $97,658 | $100,588 | $103,606 | $106,714 | $109,915 | $113,213 | $116,609 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($5,886) | ($6,062) | ($6,244) | ($6,431) | ($6,624) | ($6,823) | ($7,028) | ($7,238) | ($7,456) | ($7,679) |
| Insurance | ($2,435) | ($2,508) | ($2,584) | ($2,661) | ($2,741) | ($2,823) | ($2,908) | ($2,995) | ($3,085) | ($3,178) |
| Management Fees | ($14,299) | ($14,728) | ($15,170) | ($15,625) | ($16,094) | ($16,577) | ($17,074) | ($17,586) | ($18,114) | ($18,657) |
| 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 | ($5,196) | ($5,352) | ($5,512) | ($5,678) | ($5,848) | ($6,024) | ($6,204) | ($6,390) | ($6,582) | ($6,780) |
| Other | ($15,000) | ($15,450) | ($15,914) | ($16,391) | ($16,883) | ($17,389) | ($17,911) | ($18,448) | ($19,002) | ($19,572) |
| Operating Expenses | ($42,816) | ($44,101) | ($45,424) | ($46,787) | ($48,190) | ($49,636) | ($51,125) | ($52,659) | ($54,238) | ($55,866) |
| 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 | $46,555 | $47,952 | $49,390 | $50,872 | $52,398 | $53,970 | $55,589 | $57,257 | $58,974 | $60,744 |
| - Mortgage Payments | ($23,694) | ($23,694) | ($23,694) | ($23,694) | ($23,694) | ($23,694) | ($23,694) | ($23,694) | ($23,694) | ($23,694) |
| = Cash Flow | $22,861 | $24,258 | $25,696 | $27,178 | $28,704 | $30,276 | $31,895 | $33,563 | $35,280 | $37,050 |
| + Principal Reduction | $3,244 | $3,470 | $3,712 | $3,970 | $4,247 | $4,542 | $4,859 | $5,197 | $5,559 | $5,946 |
| + Appreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| = Gross Equity Income | $26,105 | $27,728 | $29,408 | $31,148 | $32,951 | $34,818 | $36,754 | $38,760 | $40,839 | $42,996 |
| Capitalization Rate | 11.5% | 11.8% | 12.2% | 12.5% | 12.9% | 13.3% | 13.7% | 14.1% | 14.5% | 15.0% |
| Cash on Cash Return | 20.9% | 22.1% | 23.4% | 24.8% | 26.2% | 27.6% | 29.1% | 30.6% | 32.2% | 33.8% |
| Return on Equity | 24.9% | 25.6% | 26.3% | 26.9% | 27.4% | 27.9% | 28.4% | 28.8% | 29.1% | 29.4% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $405,900 | $405,900 | $405,900 | $405,900 | $405,900 | $405,900 | $405,900 | $405,900 | $405,900 | $405,900 |
| - Loan Balance | ($301,181) | ($297,710) | ($293,999) | ($290,028) | ($285,781) | ($281,239) | ($276,380) | ($271,183) | ($265,624) | ($259,678) |
| = Equity | $104,719 | $108,190 | $111,901 | $115,872 | $120,119 | $124,661 | $129,520 | $134,717 | $140,276 | $146,222 |
| Loan-to-Value Ratio | 74.2% | 73.3% | 72.4% | 71.5% | 70.4% | 69.3% | 68.1% | 66.8% | 65.4% | 64.0% |
| Potential Cash-Out Refi | $64,129 | $67,600 | $71,311 | $75,282 | $79,529 | $84,071 | $88,930 | $94,127 | $99,686 | $105,632 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $104,719 | $108,190 | $111,901 | $115,872 | $120,119 | $124,661 | $129,520 | $134,717 | $140,276 | $146,222 |
| - Closing Costs | ($28,413) | ($28,413) | ($28,413) | ($28,413) | ($28,413) | ($28,413) | ($28,413) | ($28,413) | ($28,413) | ($28,413) |
| = Proceeds After Sale | $76,306 | $79,777 | $83,488 | $87,459 | $91,706 | $96,248 | $101,107 | $106,304 | $111,863 | $117,809 |
| + Cumulative Cash Flow | $22,861 | $47,119 | $72,815 | $99,993 | $128,697 | $158,973 | $190,868 | $224,430 | $259,711 | $296,760 |
| - Approximate Cash Invested | ($109,593) | ($109,593) | ($109,593) | ($109,593) | ($109,593) | ($109,593) | ($109,593) | ($109,593) | ($109,593) | ($109,593) |
| = Net Profit | ($10,426) | $17,302 | $46,710 | $77,858 | $110,809 | $145,628 | $182,381 | $221,141 | $261,981 | $304,976 |
| Internal Rate of Return | -9.5% | 8.4% | 15.2% | 18.7% | 20.8% | 22.2% | 23.2% | 24.0% | 24.5% | 24.9% |
| Return on Investment | -9.5% | 15.8% | 42.6% | 71.0% | 101.1% | 132.9% | 166.4% | 201.8% | 239.0% | 278.3% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.