27 Co-Living
Georgia
8bd • 7ba • Built: 1963 • 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 | ($5,389) | ($5,588) | ($5,795) | ($6,009) | ($6,231) | ($6,462) | ($6,701) | ($6,949) | ($7,206) | ($7,473) |
| Insurance | ($2,309) | ($2,395) | ($2,483) | ($2,575) | ($2,671) | ($2,769) | ($2,872) | ($2,978) | ($3,088) | ($3,203) |
| Management Fees | ($16,182) | ($16,668) | ($17,168) | ($17,683) | ($18,213) | ($18,759) | ($19,322) | ($19,902) | ($20,499) | ($21,114) |
| 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 | ($3,785) | ($3,925) | ($4,071) | ($4,221) | ($4,377) | ($4,539) | ($4,707) | ($4,881) | ($5,062) | ($5,249) |
| Other | ($13,200) | ($13,688) | ($14,195) | ($14,720) | ($15,265) | ($15,830) | ($16,415) | ($17,023) | ($17,652) | ($18,306) |
| Operating Expenses | ($43,365) | ($44,857) | ($46,400) | ($47,996) | ($49,648) | ($51,358) | ($53,127) | ($54,957) | ($56,851) | ($58,811) |
| 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 | $41,803 | $42,867 | $43,956 | $45,070 | $46,210 | $47,376 | $48,569 | $49,790 | $51,038 | $52,315 |
| - Mortgage Payments | ($23,631) | ($23,631) | ($23,631) | ($23,631) | ($23,631) | ($23,631) | ($23,631) | ($23,631) | ($23,631) | ($23,631) |
| = Cash Flow | $18,172 | $19,236 | $20,325 | $21,439 | $22,579 | $23,745 | $24,938 | $26,158 | $27,407 | $28,683 |
| + Principal Reduction | $2,794 | $3,003 | $3,228 | $3,470 | $3,731 | $4,010 | $4,311 | $4,634 | $4,981 | $5,355 |
| + Appreciation | $19,245 | $20,207 | $21,218 | $22,278 | $23,392 | $24,562 | $25,790 | $27,080 | $28,434 | $29,855 |
| = Gross Equity Income | $40,211 | $42,447 | $44,771 | $47,188 | $49,702 | $52,317 | $55,039 | $57,872 | $60,822 | $63,894 |
| Capitalization Rate | 10.3% | 10.1% | 9.9% | 9.6% | 9.4% | 9.2% | 9.0% | 8.8% | 8.5% | 8.3% |
| Cash on Cash Return | 16.6% | 17.5% | 18.5% | 19.5% | 20.6% | 21.6% | 22.7% | 23.8% | 25.0% | 26.1% |
| Return on Equity | 34.0% | 30.0% | 27.0% | 24.6% | 22.7% | 21.1% | 19.8% | 18.7% | 17.8% | 16.9% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $404,145 | $424,352 | $445,570 | $467,848 | $491,241 | $515,803 | $541,593 | $568,673 | $597,106 | $626,962 |
| - Loan Balance | ($285,881) | ($282,878) | ($279,649) | ($276,179) | ($272,448) | ($268,438) | ($264,127) | ($259,493) | ($254,512) | ($249,157) |
| = Equity | $118,264 | $141,475 | $165,921 | $191,670 | $218,793 | $247,365 | $277,466 | $309,180 | $342,595 | $377,805 |
| 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 | $77,849 | $99,039 | $121,364 | $144,885 | $169,669 | $195,785 | $223,307 | $252,312 | $282,884 | $315,109 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $118,264 | $141,475 | $165,921 | $191,670 | $218,793 | $247,365 | $277,466 | $309,180 | $342,595 | $377,805 |
| - Closing Costs | ($28,290) | ($29,705) | ($31,190) | ($32,749) | ($34,387) | ($36,106) | ($37,912) | ($39,807) | ($41,797) | ($43,887) |
| = Proceeds After Sale | $89,974 | $111,770 | $134,731 | $158,920 | $184,406 | $211,259 | $239,554 | $269,372 | $300,797 | $333,917 |
| + Cumulative Cash Flow | $18,172 | $37,408 | $57,733 | $79,172 | $101,750 | $125,495 | $150,433 | $176,592 | $203,999 | $232,682 |
| - Approximate Cash Invested | ($109,697) | ($109,697) | ($109,697) | ($109,697) | ($109,697) | ($109,697) | ($109,697) | ($109,697) | ($109,697) | ($109,697) |
| = Net Profit | ($1,551) | $39,482 | $82,767 | $128,395 | $176,460 | $227,058 | $280,291 | $336,268 | $395,099 | $456,903 |
| Internal Rate of Return | -1.4% | 17.9% | 23.5% | 25.5% | 26.2% | 26.3% | 26.2% | 26.0% | 25.7% | 25.4% |
| Return on Investment | -1.4% | 36.0% | 75.5% | 117.0% | 160.9% | 207.0% | 255.5% | 306.5% | 360.2% | 416.5% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.