$384,000
2800 Terratim Ln
Decatur GA, 30034
Financial Returns
FinancingCash Flow/mo: $2,655
CashCash Flow/mo: $4,523
32.27%IRR
10.81%CAP Rate
18.79%Cash On Cash
$0Equity
Property Information
- Beds: 8
- Baths: 6
- Sq Feet: 1,906
- Year: 1964
- Monthly Rent: $7,366
- Property Taxes: $5,952
- Annual HOA: $0
This is a Co-Living Padsplit property that won't be ready until August. It will be 5 en suites and 3 shared bathrooms.
Financial Projections
Debt (285k, 278k, 270k, 246k) Equity (113k, 119k, 127k, 152k) Appreciation (23k, 75k, 133k, 311k) Cash Positioning (32k, 101k, 176k, 398k)
Financing Assumptions
| Loan Amount | $288,000 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.75% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,868 |
Initial Investment
| Down Payment (25%) | $96,000 |
| Rehab Amount | $0 |
| Est Closing Cost (2%) | $7,680 |
| Points (2%) | $5,760 |
| Total Out Of Pocket | $109,440 |
Property KPI Without Financing
| Annual Cash Flow | $54,279 |
| All In Cost | $397,440 |
| Cap Rate | 13.66% |
Property KPI With Financing
| Annual Cash Flow | $31,864 |
| Total Out Of Pocket | $109,440 |
| Cash On Cash | 29.12% |
Swipe the table to see Year 1 to Year 10 →
| Annual Revenue Increase | 3% | 3% | 3% | 3% | |
| Annual Operating Expense Increase | 3% | 3% | 3% | 3% | |
| Annual Expense Ratio | 31.77% | 31.77% | 31.77% | 31.77% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $7,366 | $88,392 | $93,775 | $99,486 | $115,332 |
| Vacancy Rate (10%) | $737 | $8,839 | $9,378 | $9,949 | $11,533 |
| Gross Rental Income | $6,629 | $79,553 | $84,398 | $89,537 | $103,798 |
| Expenses | |||||
| Estimated Annual Property Taxes | $496 | $5,952 | $6,314 | $6,699 | $7,766 |
| Estimated Annual Homeowners Insurance | $218 | $2,611 | $2,770 | $2,939 | $3,407 |
| Maintenance & Repairs (4%) | $265 | $3,182 | $3,376 | $3,581 | $4,152 |
| Estimated Annual Prop Mgmt Fee (16%) | $1,061 | $12,728 | $13,504 | $14,326 | $16,608 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $67 | $800 | $849 | $900 | $1,044 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $2,106 | $25,274 | $26,813 | $28,446 | $32,976 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $4,523 | $54,279 | $57,585 | $61,092 | $70,822 |
| Net Cashflow | $54,279 | $57,585 | $61,092 | $70,822 | |
| Cap Rate | 13.66% | 14.49% | 15.37% | 17.82% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $4,523 | $54,279 | $57,585 | $61,092 | $70,822 |
| Mortgage | $1,868 | $22,416 | $22,416 | $22,416 | $22,416 |
| Net Cashflow | $31,864 | $35,169 | $38,676 | $48,407 | |
| Cash On Cash | 29.12% | 32.14% | 35.34% | 44.23% | |
Projections assume 3% annual rent growth and 3% annual expense growth, based on the Turnkey End Buyer strategy. All figures are estimates for information only. Verify independently before investing.