28 padsplit
Georgia
8bd • 3ba • Built: 1966 • 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 | $94,632 | $97,471 | $100,395 | $103,407 | $106,509 | $109,704 | $112,996 | $116,385 | $119,877 | $123,473 |
| Vacancy Losses | ($9,463) | ($9,747) | ($10,040) | ($10,341) | ($10,651) | ($10,970) | ($11,300) | ($11,639) | ($11,988) | ($12,347) |
| Operating Income | $85,169 | $87,724 | $90,356 | $93,066 | $95,858 | $98,734 | $101,696 | $104,747 | $107,889 | $111,126 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($4,609) | ($4,780) | ($4,956) | ($5,140) | ($5,330) | ($5,527) | ($5,732) | ($5,944) | ($6,164) | ($6,392) |
| Insurance | ($2,514) | ($2,607) | ($2,703) | ($2,804) | ($2,907) | ($3,015) | ($3,126) | ($3,242) | ($3,362) | ($3,486) |
| Management Fees | ($13,627) | ($14,036) | ($14,457) | ($14,891) | ($15,337) | ($15,797) | ($16,271) | ($16,760) | ($17,262) | ($17,780) |
| Leasing/Advertising Fees | ($3,000) | ($3,111) | ($3,226) | ($3,345) | ($3,469) | ($3,598) | ($3,731) | ($3,869) | ($4,012) | ($4,160) |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($4,258) | ($4,416) | ($4,579) | ($4,749) | ($4,925) | ($5,107) | ($5,296) | ($5,492) | ($5,695) | ($5,906) |
| Other | ($13,200) | ($13,688) | ($14,195) | ($14,720) | ($15,265) | ($15,830) | ($16,415) | ($17,023) | ($17,652) | ($18,306) |
| Operating Expenses | ($41,208) | ($42,638) | ($44,117) | ($45,648) | ($47,233) | ($48,873) | ($50,571) | ($52,328) | ($54,147) | ($56,030) |
| 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 | $43,960 | $45,086 | $46,238 | $47,418 | $48,625 | $49,861 | $51,125 | $52,419 | $53,742 | $55,096 |
| - Mortgage Payments | ($25,725) | ($25,725) | ($25,725) | ($25,725) | ($25,725) | ($25,725) | ($25,725) | ($25,725) | ($25,725) | ($25,725) |
| = Cash Flow | $18,235 | $19,361 | $20,514 | $21,693 | $22,900 | $24,136 | $25,400 | $26,694 | $28,017 | $29,371 |
| + Principal Reduction | $3,042 | $3,269 | $3,515 | $3,778 | $4,061 | $4,366 | $4,693 | $5,045 | $5,423 | $5,829 |
| + Appreciation | $20,950 | $21,998 | $23,097 | $24,252 | $25,465 | $26,738 | $28,075 | $29,479 | $30,953 | $32,500 |
| = Gross Equity Income | $42,227 | $44,628 | $47,126 | $49,723 | $52,426 | $55,240 | $58,168 | $61,217 | $64,393 | $67,701 |
| Capitalization Rate | 10.0% | 9.8% | 9.5% | 9.3% | 9.1% | 8.9% | 8.7% | 8.5% | 8.3% | 8.1% |
| Cash on Cash Return | 15.3% | 16.2% | 17.2% | 18.2% | 19.2% | 20.2% | 21.3% | 22.4% | 23.5% | 24.6% |
| Return on Equity | 32.8% | 29.0% | 26.1% | 23.8% | 22.0% | 20.5% | 19.3% | 18.2% | 17.3% | 16.5% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $439,950 | $461,948 | $485,045 | $509,297 | $534,762 | $561,500 | $589,575 | $619,054 | $650,007 | $682,507 |
| - Loan Balance | ($311,208) | ($307,939) | ($304,424) | ($300,646) | ($296,585) | ($292,220) | ($287,527) | ($282,482) | ($277,059) | ($271,230) |
| = Equity | $128,742 | $154,008 | $180,620 | $208,651 | $238,177 | $269,280 | $302,048 | $336,572 | $372,947 | $411,277 |
| Loan-to-Value Ratio | 70.7% | 66.7% | 62.8% | 59.0% | 55.5% | 52.0% | 48.8% | 45.6% | 42.6% | 39.7% |
| Potential Cash-Out Refi | $84,747 | $107,814 | $132,116 | $157,721 | $184,701 | $213,130 | $243,091 | $274,666 | $307,947 | $343,026 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $128,742 | $154,008 | $180,620 | $208,651 | $238,177 | $269,280 | $302,048 | $336,572 | $372,947 | $411,277 |
| - Closing Costs | ($30,797) | ($32,336) | ($33,953) | ($35,651) | ($37,433) | ($39,305) | ($41,270) | ($43,334) | ($45,500) | ($47,775) |
| = Proceeds After Sale | $97,945 | $121,672 | $146,667 | $173,000 | $200,743 | $229,975 | $260,778 | $293,238 | $327,447 | $363,501 |
| + Cumulative Cash Flow | $18,235 | $37,597 | $58,110 | $79,803 | $102,704 | $126,840 | $152,240 | $178,933 | $206,951 | $236,322 |
| - Approximate Cash Invested | ($119,415) | ($119,415) | ($119,415) | ($119,415) | ($119,415) | ($119,415) | ($119,415) | ($119,415) | ($119,415) | ($119,415) |
| = Net Profit | ($3,235) | $39,854 | $85,363 | $133,388 | $184,032 | $237,400 | $293,603 | $352,756 | $414,983 | $480,409 |
| Internal Rate of Return | -2.7% | 16.6% | 22.2% | 24.3% | 25.1% | 25.2% | 25.2% | 25.0% | 24.7% | 24.4% |
| Return on Investment | -2.7% | 33.4% | 71.5% | 111.7% | 154.1% | 198.8% | 245.9% | 295.4% | 347.5% | 402.3% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.