33 padsplit
Decatur, GA 30034
7bd • 7ba • Built: 1971 • 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 | $81,744 | $84,196 | $86,722 | $89,324 | $92,004 | $94,764 | $97,607 | $100,535 | $103,551 | $106,657 |
| Vacancy Losses | ($8,174) | ($8,420) | ($8,672) | ($8,932) | ($9,200) | ($9,476) | ($9,761) | ($10,053) | ($10,355) | ($10,666) |
| Operating Income | $73,570 | $75,777 | $78,050 | $80,391 | $82,803 | $85,287 | $87,846 | $90,481 | $93,196 | $95,992 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($5,565) | ($5,731) | ($5,903) | ($6,080) | ($6,263) | ($6,451) | ($6,644) | ($6,844) | ($7,049) | ($7,260) |
| Insurance | ($2,441) | ($2,514) | ($2,590) | ($2,668) | ($2,748) | ($2,830) | ($2,915) | ($3,002) | ($3,092) | ($3,185) |
| Management Fees | ($11,771) | ($12,124) | ($12,488) | ($12,863) | ($13,249) | ($13,646) | ($14,055) | ($14,477) | ($14,911) | ($15,359) |
| Leasing/Advertising Fees | ($2,500) | ($2,575) | ($2,652) | ($2,732) | ($2,814) | ($2,898) | ($2,985) | ($3,075) | ($3,167) | ($3,262) |
| Association Fees | ($3,000) | ($3,090) | ($3,183) | ($3,278) | ($3,377) | ($3,478) | ($3,582) | ($3,690) | ($3,800) | ($3,914) |
| Maintenance | ($3,270) | ($3,368) | ($3,469) | ($3,573) | ($3,680) | ($3,791) | ($3,904) | ($4,021) | ($4,142) | ($4,266) |
| Other | ($11,400) | ($11,742) | ($12,094) | ($12,457) | ($12,831) | ($13,216) | ($13,612) | ($14,021) | ($14,441) | ($14,874) |
| Operating Expenses | ($39,947) | ($41,145) | ($42,379) | ($43,651) | ($44,960) | ($46,309) | ($47,698) | ($49,129) | ($50,603) | ($52,121) |
| 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 | $33,623 | $34,632 | $35,671 | $36,741 | $37,843 | $38,978 | $40,148 | $41,352 | $42,593 | $43,870 |
| - Mortgage Payments | ($20,956) | ($20,956) | ($20,956) | ($20,956) | ($20,956) | ($20,956) | ($20,956) | ($20,956) | ($20,956) | ($20,956) |
| = Cash Flow | $12,667 | $13,675 | $14,714 | $15,785 | $16,887 | $18,022 | $19,191 | $20,396 | $21,636 | $22,914 |
| + Principal Reduction | $2,870 | $3,069 | $3,283 | $3,512 | $3,756 | $4,018 | $4,297 | $4,597 | $4,917 | $5,259 |
| + Appreciation | $21,540 | $22,832 | $24,202 | $25,654 | $27,194 | $28,825 | $30,555 | $32,388 | $34,331 | $36,391 |
| = Gross Equity Income | $37,076 | $39,577 | $42,200 | $44,951 | $47,837 | $50,865 | $54,044 | $57,381 | $60,885 | $64,565 |
| Capitalization Rate | 8.8% | 8.6% | 8.3% | 8.1% | 7.9% | 7.7% | 7.4% | 7.2% | 7.0% | 6.8% |
| Cash on Cash Return | 12.4% | 13.4% | 14.4% | 15.4% | 16.5% | 17.6% | 18.8% | 19.9% | 21.1% | 22.4% |
| Return on Equity | 32.5% | 28.3% | 25.2% | 22.9% | 21.0% | 19.5% | 18.3% | 17.3% | 16.4% | 15.6% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $380,540 | $403,372 | $427,575 | $453,229 | $480,423 | $509,248 | $539,803 | $572,191 | $606,523 | $642,914 |
| - Loan Balance | ($266,381) | ($263,311) | ($260,028) | ($256,517) | ($252,760) | ($248,743) | ($244,445) | ($239,849) | ($234,932) | ($229,673) |
| = Equity | $114,160 | $140,061 | $167,547 | $196,713 | $227,663 | $260,506 | $295,358 | $332,343 | $371,591 | $413,241 |
| 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 | $76,106 | $99,724 | $124,789 | $151,390 | $179,620 | $209,581 | $241,378 | $275,124 | $310,939 | $348,950 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $114,160 | $140,061 | $167,547 | $196,713 | $227,663 | $260,506 | $295,358 | $332,343 | $371,591 | $413,241 |
| - Closing Costs | ($26,638) | ($28,236) | ($29,930) | ($31,726) | ($33,630) | ($35,647) | ($37,786) | ($40,053) | ($42,457) | ($45,004) |
| = Proceeds After Sale | $87,522 | $111,825 | $137,616 | $164,987 | $194,033 | $224,858 | $257,572 | $292,289 | $329,134 | $368,237 |
| + Cumulative Cash Flow | $12,667 | $26,342 | $41,057 | $56,841 | $73,728 | $91,750 | $110,942 | $131,337 | $152,974 | $175,888 |
| - Approximate Cash Invested | ($102,315) | ($102,315) | ($102,315) | ($102,315) | ($102,315) | ($102,315) | ($102,315) | ($102,315) | ($102,315) | ($102,315) |
| = Net Profit | ($2,126) | $35,852 | $76,358 | $119,513 | $165,446 | $214,293 | $266,198 | $321,312 | $379,793 | $441,810 |
| Internal Rate of Return | -2.1% | 17.1% | 22.5% | 24.3% | 24.9% | 24.9% | 24.7% | 24.4% | 24.1% | 23.7% |
| Return on Investment | -2.1% | 35.0% | 74.6% | 116.8% | 161.7% | 209.4% | 260.2% | 314.0% | 371.2% | 431.8% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.