14 Co-Living
Atlanta, GA 30311
7bd • 7ba • Built: 1950 • 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 | $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 | ($5,654) | ($5,823) | ($5,998) | ($6,178) | ($6,363) | ($6,554) | ($6,751) | ($6,953) | ($7,162) | ($7,377) |
| Insurance | ($2,339) | ($2,410) | ($2,482) | ($2,556) | ($2,633) | ($2,712) | ($2,793) | ($2,877) | ($2,963) | ($3,052) |
| 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 | ($4,550) | ($4,686) | ($4,827) | ($4,972) | ($5,121) | ($5,274) | ($5,433) | ($5,596) | ($5,764) | ($5,936) |
| Other | ($13,200) | ($13,596) | ($14,004) | ($14,424) | ($14,857) | ($15,302) | ($15,761) | ($16,234) | ($16,721) | ($17,223) |
| Operating Expenses | ($38,264) | ($39,412) | ($40,594) | ($41,812) | ($43,066) | ($44,358) | ($45,689) | ($47,060) | ($48,471) | ($49,926) |
| 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 | $39,993 | $41,193 | $42,428 | $43,701 | $45,012 | $46,363 | $47,753 | $49,186 | $50,662 | $52,181 |
| - Mortgage Payments | ($22,760) | ($22,760) | ($22,760) | ($22,760) | ($22,760) | ($22,760) | ($22,760) | ($22,760) | ($22,760) | ($22,760) |
| = Cash Flow | $17,233 | $18,433 | $19,668 | $20,941 | $22,252 | $23,603 | $24,994 | $26,426 | $27,902 | $29,422 |
| + Principal Reduction | $3,116 | $3,333 | $3,566 | $3,814 | $4,079 | $4,363 | $4,667 | $4,992 | $5,340 | $5,712 |
| + Appreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| = Gross Equity Income | $20,349 | $21,766 | $23,234 | $24,755 | $26,332 | $27,966 | $29,661 | $31,418 | $33,242 | $35,133 |
| Capitalization Rate | 10.3% | 10.6% | 10.9% | 11.2% | 11.5% | 11.9% | 12.2% | 12.6% | 13.0% | 13.4% |
| Cash on Cash Return | 16.4% | 17.5% | 18.7% | 19.9% | 21.1% | 22.4% | 23.7% | 25.1% | 26.5% | 27.9% |
| Return on Equity | 20.2% | 20.9% | 21.6% | 22.2% | 22.8% | 23.4% | 23.8% | 24.3% | 24.7% | 25.0% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $389,900 | $389,900 | $389,900 | $389,900 | $389,900 | $389,900 | $389,900 | $389,900 | $389,900 | $389,900 |
| - Loan Balance | ($289,309) | ($285,975) | ($282,409) | ($278,596) | ($274,516) | ($270,153) | ($265,486) | ($260,493) | ($255,154) | ($249,442) |
| = Equity | $100,591 | $103,925 | $107,491 | $111,304 | $115,384 | $119,747 | $124,414 | $129,407 | $134,746 | $140,458 |
| 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 | $61,601 | $64,935 | $68,501 | $72,314 | $76,394 | $80,757 | $85,424 | $90,417 | $95,756 | $101,468 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $100,591 | $103,925 | $107,491 | $111,304 | $115,384 | $119,747 | $124,414 | $129,407 | $134,746 | $140,458 |
| - Closing Costs | ($27,293) | ($27,293) | ($27,293) | ($27,293) | ($27,293) | ($27,293) | ($27,293) | ($27,293) | ($27,293) | ($27,293) |
| = Proceeds After Sale | $73,298 | $76,632 | $80,198 | $84,011 | $88,091 | $92,454 | $97,121 | $102,114 | $107,453 | $113,165 |
| + Cumulative Cash Flow | $17,233 | $35,665 | $55,334 | $76,275 | $98,527 | $122,130 | $147,124 | $173,550 | $201,451 | $230,873 |
| - Approximate Cash Invested | ($105,273) | ($105,273) | ($105,273) | ($105,273) | ($105,273) | ($105,273) | ($105,273) | ($105,273) | ($105,273) | ($105,273) |
| = Net Profit | ($14,742) | $7,024 | $30,258 | $55,013 | $81,345 | $109,311 | $138,972 | $170,390 | $203,632 | $238,765 |
| Internal Rate of Return | -14.0% | 3.6% | 10.3% | 13.8% | 16.0% | 17.5% | 18.5% | 19.3% | 19.9% | 20.4% |
| Return on Investment | -14.0% | 6.7% | 28.7% | 52.3% | 77.3% | 103.8% | 132.0% | 161.9% | 193.4% | 226.8% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.