3 padsplit
Decatur, GA 30034
8bd • 3ba • Built: 1962 • Remodeled: 2026
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $68,412 | $70,464 | $72,578 | $74,756 | $76,998 | $79,308 | $81,688 | $84,138 | $86,662 | $89,262 |
| Vacancy Losses | ($6,841) | ($7,046) | ($7,258) | ($7,476) | ($7,700) | ($7,931) | ($8,169) | ($8,414) | ($8,666) | ($8,926) |
| Operating Income | $61,571 | $63,418 | $65,320 | $67,280 | $69,298 | $71,377 | $73,519 | $75,724 | $77,996 | $80,336 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($5,022) | ($5,173) | ($5,328) | ($5,488) | ($5,652) | ($5,822) | ($5,997) | ($6,176) | ($6,362) | ($6,553) |
| Insurance | ($2,203) | ($2,269) | ($2,337) | ($2,407) | ($2,480) | ($2,554) | ($2,631) | ($2,710) | ($2,791) | ($2,875) |
| Management Fees | ($9,851) | ($10,147) | ($10,451) | ($10,765) | ($11,088) | ($11,420) | ($11,763) | ($12,116) | ($12,479) | ($12,854) |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($2,736) | ($2,819) | ($2,903) | ($2,990) | ($3,080) | ($3,172) | ($3,268) | ($3,366) | ($3,466) | ($3,570) |
| Other | ($9,600) | ($9,888) | ($10,185) | ($10,490) | ($10,805) | ($11,129) | ($11,463) | ($11,807) | ($12,161) | ($12,526) |
| Operating Expenses | ($31,913) | ($32,870) | ($33,857) | ($34,872) | ($35,918) | ($36,996) | ($38,106) | ($39,249) | ($40,426) | ($41,639) |
| 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 | $29,658 | $30,548 | $31,464 | $32,408 | $33,380 | $34,382 | $35,413 | $36,475 | $37,570 | $38,697 |
| - Mortgage Payments | ($18,913) | ($18,913) | ($18,913) | ($18,913) | ($18,913) | ($18,913) | ($18,913) | ($18,913) | ($18,913) | ($18,913) |
| = Cash Flow | $10,745 | $11,634 | $12,551 | $13,495 | $14,467 | $15,468 | $16,500 | $17,562 | $18,657 | $19,784 |
| + Principal Reduction | $2,590 | $2,770 | $2,963 | $3,169 | $3,390 | $3,626 | $3,878 | $4,148 | $4,437 | $4,746 |
| + Appreciation | $19,440 | $20,606 | $21,843 | $23,153 | $24,543 | $26,015 | $27,576 | $29,231 | $30,984 | $32,843 |
| = Gross Equity Income | $32,774 | $35,011 | $37,357 | $39,817 | $42,399 | $45,109 | $47,954 | $50,941 | $54,078 | $57,373 |
| Capitalization Rate | 8.6% | 8.4% | 8.2% | 7.9% | 7.7% | 7.5% | 7.3% | 7.1% | 6.9% | 6.7% |
| Cash on Cash Return | 11.6% | 12.6% | 13.6% | 14.6% | 15.7% | 16.8% | 17.9% | 19.0% | 20.2% | 21.4% |
| Return on Equity | 31.8% | 27.7% | 24.7% | 22.4% | 20.6% | 19.2% | 18.0% | 17.0% | 16.1% | 15.4% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $343,440 | $364,046 | $385,889 | $409,043 | $433,585 | $459,600 | $487,176 | $516,407 | $547,391 | $580,235 |
| - Loan Balance | ($240,410) | ($237,640) | ($234,677) | ($231,508) | ($228,118) | ($224,492) | ($220,614) | ($216,465) | ($212,028) | ($207,282) |
| = Equity | $103,030 | $126,406 | $151,212 | $177,534 | $205,467 | $235,108 | $266,562 | $299,941 | $335,363 | $372,953 |
| 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 | $68,686 | $90,002 | $112,623 | $136,630 | $162,108 | $189,148 | $217,845 | $248,301 | $280,624 | $314,929 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $103,030 | $126,406 | $151,212 | $177,534 | $205,467 | $235,108 | $266,562 | $299,941 | $335,363 | $372,953 |
| - Closing Costs | ($24,041) | ($25,483) | ($27,012) | ($28,633) | ($30,351) | ($32,172) | ($34,102) | ($36,148) | ($38,317) | ($40,616) |
| = Proceeds After Sale | $78,989 | $100,923 | $124,200 | $148,901 | $175,116 | $202,936 | $232,460 | $263,793 | $297,046 | $332,336 |
| + Cumulative Cash Flow | $10,745 | $22,379 | $34,930 | $48,425 | $62,892 | $78,360 | $94,860 | $112,422 | $131,079 | $150,863 |
| - Approximate Cash Invested | ($92,340) | ($92,340) | ($92,340) | ($92,340) | ($92,340) | ($92,340) | ($92,340) | ($92,340) | ($92,340) | ($92,340) |
| = Net Profit | ($2,606) | $30,962 | $66,790 | $104,986 | $145,668 | $188,956 | $234,980 | $283,875 | $335,785 | $390,859 |
| Internal Rate of Return | -2.8% | 16.4% | 21.8% | 23.7% | 24.3% | 24.3% | 24.1% | 23.9% | 23.5% | 23.2% |
| Return on Investment | -2.8% | 33.5% | 72.3% | 113.7% | 157.8% | 204.6% | 254.5% | 307.4% | 363.6% | 423.3% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.