45 padsplit
Georgia
8bd • 7ba • 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 | $93,600 | $96,408 | $99,300 | $102,279 | $105,348 | $108,508 | $111,763 | $115,116 | $118,570 | $122,127 |
| Vacancy Losses | ($9,360) | ($9,641) | ($9,930) | ($10,228) | ($10,535) | ($10,851) | ($11,176) | ($11,512) | ($11,857) | ($12,213) |
| Operating Income | $84,240 | $86,767 | $89,370 | $92,051 | $94,813 | $97,657 | $100,587 | $103,605 | $106,713 | $109,914 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($6,107) | ($6,333) | ($6,567) | ($6,810) | ($7,062) | ($7,324) | ($7,595) | ($7,876) | ($8,167) | ($8,469) |
| Insurance | ($2,443) | ($2,533) | ($2,627) | ($2,724) | ($2,825) | ($2,929) | ($3,038) | ($3,150) | ($3,267) | ($3,388) |
| Management Fees | ($16,006) | ($16,486) | ($16,980) | ($17,490) | ($18,014) | ($18,555) | ($19,112) | ($19,685) | ($20,275) | ($20,884) |
| Leasing/Advertising Fees | ($2,500) | ($2,593) | ($2,688) | ($2,788) | ($2,891) | ($2,998) | ($3,109) | ($3,224) | ($3,343) | ($3,467) |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($3,744) | ($3,883) | ($4,026) | ($4,175) | ($4,330) | ($4,490) | ($4,656) | ($4,828) | ($5,007) | ($5,192) |
| Other | ($13,800) | ($14,311) | ($14,840) | ($15,389) | ($15,959) | ($16,549) | ($17,161) | ($17,796) | ($18,455) | ($19,138) |
| Operating Expenses | ($44,599) | ($46,138) | ($47,729) | ($49,376) | ($51,081) | ($52,845) | ($54,670) | ($56,559) | ($58,514) | ($60,537) |
| 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 | $39,641 | $40,630 | $41,641 | $42,675 | $43,732 | $44,813 | $45,917 | $47,045 | $48,199 | $49,377 |
| - Mortgage Payments | ($31,015) | ($30,990) | ($30,990) | ($30,990) | ($31,015) | ($30,990) | ($30,990) | ($30,990) | ($31,015) | ($30,990) |
| = Cash Flow | $8,626 | $9,640 | $10,651 | $11,685 | $12,717 | $13,823 | $14,927 | $16,056 | $17,184 | $18,387 |
| + Principal Reduction | $2,501 | $2,691 | $2,897 | $3,118 | $3,356 | $3,612 | $3,887 | $4,184 | $4,503 | $4,846 |
| + Appreciation | $19,700 | $20,685 | $21,719 | $22,805 | $23,945 | $25,143 | $26,400 | $27,720 | $29,106 | $30,561 |
| = Gross Equity Income | $30,826 | $33,016 | $35,267 | $37,608 | $40,018 | $42,577 | $45,214 | $47,959 | $50,793 | $53,795 |
| Capitalization Rate | 9.6% | 9.4% | 9.1% | 8.9% | 8.7% | 8.5% | 8.3% | 8.1% | 7.9% | 7.7% |
| Cash on Cash Return | 38.4% | 43.0% | 47.5% | 52.1% | 56.7% | 61.6% | 66.5% | 71.5% | 76.6% | 81.9% |
| Return on Equity | 138.9% | 72.4% | 50.2% | 39.1% | 32.4% | 28.0% | 24.8% | 22.4% | 20.5% | 19.0% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $413,700 | $434,385 | $456,104 | $478,909 | $502,855 | $527,998 | $554,398 | $582,117 | $611,223 | $641,784 |
| - Loan Balance | ($391,499) | ($388,808) | ($385,911) | ($382,794) | ($379,438) | ($375,826) | ($371,939) | ($367,756) | ($363,253) | ($358,406) |
| = Equity | $22,201 | $45,577 | $70,193 | $96,116 | $123,417 | $152,171 | $182,458 | $214,362 | $247,971 | $283,378 |
| Loan-to-Value Ratio | 94.6% | 89.5% | 84.6% | 79.9% | 75.5% | 71.2% | 67.1% | 63.2% | 59.4% | 55.8% |
| Potential Cash-Out Refi | ($19,169) | $2,138 | $24,583 | $48,225 | $73,131 | $99,371 | $127,018 | $156,150 | $186,848 | $219,200 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $22,201 | $45,577 | $70,193 | $96,116 | $123,417 | $152,171 | $182,458 | $214,362 | $247,971 | $283,378 |
| - Closing Costs | ($28,959) | ($30,407) | ($31,927) | ($33,524) | ($35,200) | ($36,960) | ($38,808) | ($40,748) | ($42,786) | ($44,925) |
| = Proceeds After Sale | ($6,758) | $15,170 | $38,266 | $62,592 | $88,217 | $115,211 | $143,650 | $173,614 | $205,185 | $238,453 |
| + Cumulative Cash Flow | $8,626 | $18,266 | $28,917 | $40,602 | $53,319 | $67,142 | $82,068 | $98,124 | $115,308 | $133,695 |
| - Approximate Cash Invested | ($22,440) | ($22,440) | ($22,440) | ($22,440) | ($22,440) | ($22,440) | ($22,440) | ($22,440) | ($22,440) | ($22,440) |
| = Net Profit | ($20,573) | $10,996 | $44,742 | $80,754 | $119,096 | $159,913 | $203,279 | $249,297 | $298,053 | $349,708 |
| Internal Rate of Return | -91.7% | 26.1% | 55.8% | 61.6% | 61.6% | 60.0% | 58.2% | 56.4% | 54.9% | 53.6% |
| Return on Investment | -91.7% | 49.0% | 199.4% | 359.9% | 530.7% | 712.6% | 905.9% | 1,110.9% | 1,328.2% | 1,558.4% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.