21 Co-living
Georgia
8bd • 2ba • Built: 1940 • 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 | $69,468 | $71,552 | $73,699 | $75,910 | $78,187 | $80,532 | $82,948 | $85,437 | $88,000 | $90,640 |
| Vacancy Losses | ($6,947) | ($7,155) | ($7,370) | ($7,591) | ($7,819) | ($8,053) | ($8,295) | ($8,544) | ($8,800) | ($9,064) |
| Operating Income | $62,521 | $64,397 | $66,329 | $68,319 | $70,368 | $72,479 | $74,654 | $76,893 | $79,200 | $81,576 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($4,635) | ($4,806) | ($4,984) | ($5,168) | ($5,359) | ($5,558) | ($5,763) | ($5,977) | ($6,198) | ($6,427) |
| Insurance | ($1,854) | ($1,922) | ($1,994) | ($2,067) | ($2,144) | ($2,223) | ($2,305) | ($2,391) | ($2,479) | ($2,571) |
| Management Fees | ($11,879) | ($12,235) | ($12,602) | ($12,981) | ($13,370) | ($13,771) | ($14,184) | ($14,610) | ($15,048) | ($15,499) |
| 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 | ($2,779) | ($2,882) | ($2,988) | ($3,099) | ($3,213) | ($3,332) | ($3,456) | ($3,583) | ($3,716) | ($3,853) |
| Other | ($9,600) | ($9,955) | ($10,324) | ($10,706) | ($11,102) | ($11,512) | ($11,938) | ($12,380) | ($12,838) | ($13,313) |
| Operating Expenses | ($33,246) | ($34,393) | ($35,580) | ($36,808) | ($38,079) | ($39,395) | ($40,756) | ($42,164) | ($43,622) | ($45,131) |
| 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 | $29,275 | $30,004 | $30,749 | $31,510 | $32,289 | $33,085 | $33,898 | $34,729 | $35,578 | $36,445 |
| - Mortgage Payments | ($18,357) | ($18,357) | ($18,357) | ($18,357) | ($18,357) | ($18,357) | ($18,357) | ($18,357) | ($18,357) | ($18,357) |
| = Cash Flow | $10,918 | $11,646 | $12,391 | $13,153 | $13,932 | $14,727 | $15,541 | $16,371 | $17,220 | $18,088 |
| + Principal Reduction | $2,170 | $2,333 | $2,508 | $2,696 | $2,898 | $3,115 | $3,349 | $3,600 | $3,870 | $4,160 |
| + Appreciation | $14,950 | $15,698 | $16,482 | $17,306 | $18,172 | $19,080 | $20,034 | $21,036 | $22,088 | $23,192 |
| = Gross Equity Income | $28,038 | $29,677 | $31,382 | $33,156 | $35,002 | $36,923 | $38,924 | $41,007 | $43,178 | $45,440 |
| Capitalization Rate | 9.3% | 9.1% | 8.9% | 8.7% | 8.5% | 8.3% | 8.1% | 7.9% | 7.7% | 7.5% |
| Cash on Cash Return | 12.8% | 13.7% | 14.5% | 15.4% | 16.3% | 17.3% | 18.2% | 19.2% | 20.2% | 21.2% |
| Return on Equity | 30.5% | 27.0% | 24.3% | 22.3% | 20.6% | 19.2% | 18.1% | 17.1% | 16.2% | 15.5% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $313,950 | $329,648 | $346,130 | $363,436 | $381,608 | $400,689 | $420,723 | $441,759 | $463,847 | $487,039 |
| - Loan Balance | ($222,080) | ($219,746) | ($217,238) | ($214,542) | ($211,644) | ($208,529) | ($205,180) | ($201,580) | ($197,711) | ($193,551) |
| = Equity | $91,870 | $109,901 | $128,891 | $148,894 | $169,964 | $192,160 | $215,543 | $240,179 | $266,136 | $293,489 |
| 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 | $60,475 | $76,936 | $94,278 | $112,550 | $131,803 | $152,091 | $173,471 | $196,003 | $219,752 | $244,785 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $91,870 | $109,901 | $128,891 | $148,894 | $169,964 | $192,160 | $215,543 | $240,179 | $266,136 | $293,489 |
| - Closing Costs | ($21,977) | ($23,075) | ($24,229) | ($25,441) | ($26,713) | ($28,048) | ($29,451) | ($30,923) | ($32,469) | ($34,093) |
| = Proceeds After Sale | $69,894 | $86,826 | $104,662 | $123,453 | $143,251 | $164,111 | $186,092 | $209,256 | $233,667 | $259,396 |
| + Cumulative Cash Flow | $10,918 | $22,564 | $34,956 | $48,109 | $62,041 | $76,768 | $92,308 | $108,680 | $125,900 | $143,988 |
| - Approximate Cash Invested | ($85,215) | ($85,215) | ($85,215) | ($85,215) | ($85,215) | ($85,215) | ($85,215) | ($85,215) | ($85,215) | ($85,215) |
| = Net Profit | ($4,403) | $24,175 | $54,403 | $86,347 | $120,077 | $155,664 | $193,186 | $232,720 | $274,352 | $318,169 |
| Internal Rate of Return | -5.2% | 14.1% | 19.8% | 22.0% | 22.9% | 23.1% | 23.1% | 22.9% | 22.7% | 22.4% |
| Return on Investment | -5.2% | 28.4% | 63.8% | 101.3% | 140.9% | 182.7% | 226.7% | 273.1% | 322.0% | 373.4% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.