29 Co-Living
Georgia
8bd • 7ba • Built: 1950 • 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 | $92,520 | $95,296 | $98,154 | $101,099 | $104,132 | $107,256 | $110,474 | $113,788 | $117,202 | $120,718 |
| Vacancy Losses | ($9,252) | ($9,530) | ($9,815) | ($10,110) | ($10,413) | ($10,726) | ($11,047) | ($11,379) | ($11,720) | ($12,072) |
| Operating Income | $83,268 | $85,766 | $88,339 | $90,989 | $93,719 | $96,530 | $99,426 | $102,409 | $105,481 | $108,646 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($5,571) | ($5,777) | ($5,990) | ($6,212) | ($6,442) | ($6,680) | ($6,927) | ($7,184) | ($7,450) | ($7,725) |
| Insurance | ($2,387) | ($2,476) | ($2,567) | ($2,662) | ($2,761) | ($2,863) | ($2,969) | ($3,079) | ($3,193) | ($3,311) |
| Management Fees | ($15,821) | ($16,296) | ($16,784) | ($17,288) | ($17,807) | ($18,341) | ($18,891) | ($19,458) | ($20,041) | ($20,643) |
| 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 | ($3,701) | ($3,838) | ($3,980) | ($4,127) | ($4,280) | ($4,438) | ($4,602) | ($4,773) | ($4,949) | ($5,132) |
| Other | ($13,200) | ($13,688) | ($14,195) | ($14,720) | ($15,265) | ($15,830) | ($16,415) | ($17,023) | ($17,652) | ($18,306) |
| Operating Expenses | ($43,180) | ($44,667) | ($46,205) | ($47,797) | ($49,445) | ($51,150) | ($52,914) | ($54,739) | ($56,628) | ($58,583) |
| 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 | $40,088 | $41,099 | $42,134 | $43,192 | $44,274 | $45,381 | $46,513 | $47,670 | $48,853 | $50,062 |
| - Mortgage Payments | ($24,429) | ($24,429) | ($24,429) | ($24,429) | ($24,429) | ($24,429) | ($24,429) | ($24,429) | ($24,429) | ($24,429) |
| = Cash Flow | $15,659 | $16,670 | $17,704 | $18,763 | $19,845 | $20,951 | $22,083 | $23,240 | $24,424 | $25,633 |
| + Principal Reduction | $2,888 | $3,105 | $3,337 | $3,588 | $3,857 | $4,146 | $4,456 | $4,790 | $5,150 | $5,536 |
| + Appreciation | $19,895 | $20,890 | $21,934 | $23,031 | $24,182 | $25,392 | $26,661 | $27,994 | $29,394 | $30,864 |
| = Gross Equity Income | $38,442 | $40,665 | $42,976 | $45,381 | $47,884 | $50,489 | $53,201 | $56,025 | $58,967 | $62,032 |
| 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 | 13.8% | 14.7% | 15.6% | 16.5% | 17.5% | 18.5% | 19.5% | 20.5% | 21.5% | 22.6% |
| Return on Equity | 31.4% | 27.8% | 25.1% | 22.9% | 21.2% | 19.7% | 18.5% | 17.5% | 16.6% | 15.9% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $417,795 | $438,685 | $460,619 | $483,650 | $507,832 | $533,224 | $559,885 | $587,880 | $617,273 | $648,137 |
| - Loan Balance | ($295,537) | ($292,432) | ($289,094) | ($285,507) | ($281,650) | ($277,505) | ($273,048) | ($268,258) | ($263,108) | ($257,573) |
| = Equity | $122,258 | $146,253 | $171,525 | $198,143 | $226,182 | $255,720 | $286,837 | $319,622 | $354,165 | $390,565 |
| 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 | $80,479 | $102,384 | $125,463 | $149,778 | $175,399 | $202,397 | $230,849 | $260,834 | $292,438 | $325,751 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $122,258 | $146,253 | $171,525 | $198,143 | $226,182 | $255,720 | $286,837 | $319,622 | $354,165 | $390,565 |
| - Closing Costs | ($29,246) | ($30,708) | ($32,243) | ($33,855) | ($35,548) | ($37,326) | ($39,192) | ($41,152) | ($43,209) | ($45,370) |
| = Proceeds After Sale | $93,013 | $115,545 | $139,281 | $164,288 | $190,634 | $218,394 | $247,645 | $278,470 | $310,956 | $345,195 |
| + Cumulative Cash Flow | $15,659 | $32,329 | $50,033 | $68,796 | $88,641 | $109,592 | $131,675 | $154,916 | $179,339 | $204,972 |
| - Approximate Cash Invested | ($113,402) | ($113,402) | ($113,402) | ($113,402) | ($113,402) | ($113,402) | ($113,402) | ($113,402) | ($113,402) | ($113,402) |
| = Net Profit | ($4,730) | $34,472 | $75,913 | $119,682 | $165,873 | $214,584 | $265,919 | $319,985 | $376,894 | $436,766 |
| Internal Rate of Return | -4.2% | 15.1% | 20.8% | 22.9% | 23.8% | 24.0% | 23.9% | 23.7% | 23.5% | 23.2% |
| Return on Investment | -4.2% | 30.4% | 66.9% | 105.5% | 146.3% | 189.2% | 234.5% | 282.2% | 332.4% | 385.2% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.