26 padsplit
Atlanta, GA 30331
8bd • 6ba • Built: 1971 • Remodeled: 2350
SFR - being remodeled as we speak.
Estimated Square Feet1,963
Initial Market Value$389,000
Price$389,000
Downpayment $97,250
Loan Origination Fees $5,835
Depreciable Closing Costs $7,780
Other Costs and Fixup$0
Approximate Cash Invested $110,865
Cost per Square Foot / per Bedroom $198 / $48,625
Monthly Rent per SQFT / per Bedroom $3.75 / $921
Projected IncomeMonthlyAnnual
Projected Rent$7,366$88,392
Vacancy Losses ($737)($8,839)
Operating Income $6,629$79,553
Estimated ExpensesMonthlyAnnual
Property Taxes($357)($4,279)
Insurance($162)($1,945)
Management Fees($1,061)($12,728)
Leasing/Advertising Fees($250)($3,000)
Association Fees$0$0
Maintenance($331)($3,978)
Other (Utilities, Supplies, etc.)($1,150)($13,800)
Operating Expenses ($3,311)($39,730)
Net PerformanceMonthlyAnnual
Net Operating Income $3,319$39,823
- Mortgage Payments($1,892)($22,707)
= Cash Flow $1,426$17,115
+ Principal Reduction $259$3,109
+ Inflation Induced Debt Destruction® (IIDD) - Beta $729$8,753
+ One Year Appreciation $1,945$23,340
= Gross Equity Income $4,360$52,317
Mortgage InfoFirstSecond
Loan-to-Value Ratio 75%N/A
Loan Amount$291,750N/A
Monthly Payment$1,892.28N/A
Loan TypeAmortizing FixedN/A
Term30 YearsN/A
Nominal / Real Interest Rate 6.750% / 3.750%N/A
Monthly PMI$0N/A
Empowered Investor® Indicators
Rent-to-Value Ratio™ (RV Ratio™)1.9%
Debt Coverage Ratio 1.75
Annual Gross Rent Multiplier4
Capitalization Rate 10.2%
Cash on Cash Return 15%
Return on Investment 39%
Return on Investment with IIDD 47%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions & Projections
Projected Appreciation Rate6.0%
Projected Inflation Rate3.0%
Vacancy Rate10%
Management Fee16%
Maintenance Percentage5%
Comments
will be sold turnkey, mid renovation. 5 en suites and 3 shared bathroom.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.