47 coliving
Georgia
7bd • 7ba • Built: 1959 • 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 | $90,996 | $93,726 | $96,538 | $99,434 | $102,417 | $105,489 | $108,654 | $111,914 | $115,271 | $118,729 |
| Vacancy Losses | ($9,100) | ($9,373) | ($9,654) | ($9,943) | ($10,242) | ($10,549) | ($10,865) | ($11,191) | ($11,527) | ($11,873) |
| Operating Income | $81,896 | $84,353 | $86,884 | $89,490 | $92,175 | $94,940 | $97,789 | $100,722 | $103,744 | $106,856 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($5,586) | ($5,793) | ($6,007) | ($6,229) | ($6,460) | ($6,699) | ($6,947) | ($7,204) | ($7,470) | ($7,747) |
| Insurance | ($2,394) | ($2,483) | ($2,574) | ($2,670) | ($2,768) | ($2,871) | ($2,977) | ($3,087) | ($3,202) | ($3,320) |
| Management Fees | ($15,560) | ($16,027) | ($16,508) | ($17,003) | ($17,513) | ($18,039) | ($18,580) | ($19,137) | ($19,711) | ($20,303) |
| 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 | ($3,640) | ($3,775) | ($3,914) | ($4,059) | ($4,209) | ($4,365) | ($4,526) | ($4,694) | ($4,868) | ($5,048) |
| Other | ($3,000) | ($3,111) | ($3,226) | ($3,345) | ($3,469) | ($3,598) | ($3,731) | ($3,869) | ($4,012) | ($4,160) |
| Operating Expenses | ($32,680) | ($33,780) | ($34,918) | ($36,094) | ($37,311) | ($38,569) | ($39,870) | ($41,215) | ($42,606) | ($44,044) |
| 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 | $49,216 | $50,573 | $51,966 | $53,396 | $54,864 | $56,371 | $57,919 | $59,507 | $61,138 | $62,812 |
| - Mortgage Payments | ($24,497) | ($24,497) | ($24,497) | ($24,497) | ($24,497) | ($24,497) | ($24,497) | ($24,497) | ($24,497) | ($24,497) |
| = Cash Flow | $24,719 | $26,076 | $27,469 | $28,899 | $30,367 | $31,875 | $33,422 | $35,011 | $36,641 | $38,315 |
| + Principal Reduction | $2,896 | $3,113 | $3,347 | $3,598 | $3,867 | $4,157 | $4,469 | $4,804 | $5,164 | $5,551 |
| + Appreciation | $19,950 | $20,948 | $21,995 | $23,095 | $24,249 | $25,462 | $26,735 | $28,072 | $29,475 | $30,949 |
| = Gross Equity Income | $47,566 | $50,137 | $52,811 | $55,591 | $58,484 | $61,494 | $64,626 | $67,886 | $71,280 | $74,815 |
| Capitalization Rate | 11.7% | 11.5% | 11.3% | 11.0% | 10.8% | 10.5% | 10.3% | 10.1% | 9.9% | 9.7% |
| Cash on Cash Return | 21.7% | 22.9% | 24.2% | 25.4% | 26.7% | 28.0% | 29.4% | 30.8% | 32.2% | 33.7% |
| Return on Equity | 38.8% | 34.2% | 30.7% | 28.0% | 25.8% | 24.0% | 22.5% | 21.2% | 20.1% | 19.1% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $418,950 | $439,898 | $461,892 | $484,987 | $509,236 | $534,698 | $561,433 | $589,505 | $618,980 | $649,929 |
| - Loan Balance | ($296,354) | ($293,240) | ($289,894) | ($286,296) | ($282,429) | ($278,271) | ($273,803) | ($268,999) | ($263,835) | ($258,284) |
| = Equity | $122,596 | $146,657 | $171,999 | $198,691 | $226,808 | $256,427 | $287,630 | $320,506 | $355,145 | $391,645 |
| 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 | $80,701 | $102,667 | $125,810 | $150,192 | $175,884 | $202,957 | $231,487 | $261,555 | $293,247 | $326,652 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $122,596 | $146,657 | $171,999 | $198,691 | $226,808 | $256,427 | $287,630 | $320,506 | $355,145 | $391,645 |
| - Closing Costs | ($29,327) | ($30,793) | ($32,332) | ($33,949) | ($35,647) | ($37,429) | ($39,300) | ($41,265) | ($43,329) | ($45,495) |
| = Proceeds After Sale | $93,270 | $115,864 | $139,666 | $164,742 | $191,161 | $218,998 | $248,330 | $279,240 | $311,816 | $346,150 |
| + Cumulative Cash Flow | $24,719 | $50,795 | $78,264 | $107,163 | $137,530 | $169,405 | $202,827 | $237,838 | $274,479 | $312,794 |
| - Approximate Cash Invested | ($113,715) | ($113,715) | ($113,715) | ($113,715) | ($113,715) | ($113,715) | ($113,715) | ($113,715) | ($113,715) | ($113,715) |
| = Net Profit | $4,274 | $52,945 | $104,216 | $158,190 | $214,977 | $274,688 | $337,442 | $403,363 | $472,580 | $545,229 |
| Internal Rate of Return | 3.8% | 23.1% | 28.5% | 30.4% | 30.9% | 31.0% | 30.8% | 30.5% | 30.1% | 29.8% |
| Return on Investment | 3.8% | 46.6% | 91.6% | 139.1% | 189.0% | 241.6% | 296.7% | 354.7% | 415.6% | 479.5% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.