46 co-living
Georgia
8bd • 5ba • Built: 1977 • 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 | $83,160 | $85,655 | $88,224 | $90,871 | $93,597 | $96,405 | $99,297 | $102,276 | $105,345 | $108,505 |
| Vacancy Losses | ($8,316) | ($8,565) | ($8,822) | ($9,087) | ($9,360) | ($9,641) | ($9,930) | ($10,228) | ($10,534) | ($10,850) |
| Operating Income | $74,844 | $77,089 | $79,402 | $81,784 | $84,238 | $86,765 | $89,368 | $92,049 | $94,810 | $97,654 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($5,166) | ($5,357) | ($5,555) | ($5,761) | ($5,974) | ($6,195) | ($6,424) | ($6,662) | ($6,909) | ($7,164) |
| Insurance | ($2,214) | ($2,296) | ($2,381) | ($2,469) | ($2,560) | ($2,655) | ($2,753) | ($2,855) | ($2,961) | ($3,070) |
| Management Fees | ($14,220) | ($14,647) | ($15,086) | ($15,539) | ($16,005) | ($16,485) | ($16,980) | ($17,489) | ($18,014) | ($18,554) |
| 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 | ($3,326) | ($3,449) | ($3,577) | ($3,709) | ($3,847) | ($3,989) | ($4,137) | ($4,290) | ($4,448) | ($4,613) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($27,427) | ($28,342) | ($29,288) | ($30,266) | ($31,277) | ($32,322) | ($33,403) | ($34,520) | ($35,675) | ($36,869) |
| 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 | $47,417 | $48,747 | $50,114 | $51,518 | $52,960 | $54,442 | $55,965 | $57,529 | $59,135 | $60,786 |
| - Mortgage Payments | ($22,655) | ($22,655) | ($22,655) | ($22,655) | ($22,655) | ($22,655) | ($22,655) | ($22,655) | ($22,655) | ($22,655) |
| = Cash Flow | $24,762 | $26,092 | $27,459 | $28,863 | $30,305 | $31,787 | $33,310 | $34,874 | $36,480 | $38,131 |
| + Principal Reduction | $2,679 | $2,879 | $3,095 | $3,327 | $3,577 | $3,845 | $4,133 | $4,443 | $4,776 | $5,134 |
| + Appreciation | $18,450 | $19,373 | $20,341 | $21,358 | $22,426 | $23,547 | $24,725 | $25,961 | $27,259 | $28,622 |
| = Gross Equity Income | $45,891 | $48,344 | $50,895 | $53,548 | $56,308 | $59,179 | $62,167 | $65,277 | $68,515 | $71,886 |
| Capitalization Rate | 12.2% | 12.0% | 11.7% | 11.5% | 11.2% | 11.0% | 10.8% | 10.6% | 10.3% | 10.1% |
| Cash on Cash Return | 23.5% | 24.8% | 26.1% | 27.4% | 28.8% | 30.2% | 31.7% | 33.2% | 34.7% | 36.3% |
| Return on Equity | 40.5% | 35.6% | 32.0% | 29.1% | 26.8% | 25.0% | 23.4% | 22.0% | 20.9% | 19.8% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $387,450 | $406,823 | $427,164 | $448,522 | $470,948 | $494,495 | $519,220 | $545,181 | $572,440 | $601,062 |
| - Loan Balance | ($274,071) | ($271,192) | ($268,097) | ($264,770) | ($261,193) | ($257,349) | ($253,216) | ($248,773) | ($243,998) | ($238,864) |
| = Equity | $113,379 | $135,630 | $159,067 | $183,752 | $209,754 | $237,146 | $266,004 | $296,408 | $328,442 | $362,198 |
| 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 | $74,634 | $94,948 | $116,350 | $138,900 | $162,660 | $187,697 | $214,082 | $241,889 | $271,198 | $302,092 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $113,379 | $135,630 | $159,067 | $183,752 | $209,754 | $237,146 | $266,004 | $296,408 | $328,442 | $362,198 |
| - Closing Costs | ($27,122) | ($28,478) | ($29,901) | ($31,397) | ($32,966) | ($34,615) | ($36,345) | ($38,163) | ($40,071) | ($42,074) |
| = Proceeds After Sale | $86,257 | $107,153 | $129,165 | $152,355 | $176,788 | $202,532 | $229,659 | $258,245 | $288,371 | $320,123 |
| + Cumulative Cash Flow | $24,762 | $50,854 | $78,313 | $107,176 | $137,481 | $169,269 | $202,578 | $237,452 | $273,932 | $312,063 |
| - Approximate Cash Invested | ($105,165) | ($105,165) | ($105,165) | ($105,165) | ($105,165) | ($105,165) | ($105,165) | ($105,165) | ($105,165) | ($105,165) |
| = Net Profit | $5,854 | $52,842 | $102,313 | $154,366 | $209,105 | $266,635 | $327,072 | $390,532 | $457,138 | $527,021 |
| Internal Rate of Return | 5.6% | 24.9% | 30.3% | 32.1% | 32.6% | 32.6% | 32.4% | 32.0% | 31.7% | 31.4% |
| Return on Investment | 5.6% | 50.2% | 97.3% | 146.8% | 198.8% | 253.5% | 311.0% | 371.4% | 434.7% | 501.1% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.