$384,000
3316 Tulip Dr
Decatur GA, 30032
Financial Returns
FinancingCash Flow/mo: $2,218
CashCash Flow/mo: $4,086
28.81%IRR
9.02%CAP Rate
12.26%Cash On Cash
$0Equity
Property Information
- Beds: 7
- Baths: 5
- Sq Feet: 1,875
- Year: 1965
- Monthly Rent: $7,019
- Property Taxes: $5,952
- Annual HOA: $0
This is a Co-Living Padsplit property. Will be sold turnkey, mid renovation. 5 en suites and 2 shared bedrooms.
Financial Projections
Debt (285k, 278k, 270k, 246k) Equity (113k, 119k, 127k, 152k) Appreciation (23k, 75k, 133k, 311k) Cash Positioning (27k, 84k, 148k, 338k)
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 | $49,037 |
| All In Cost | $397,440 |
| Cap Rate | 12.34% |
Property KPI With Financing
| Annual Cash Flow | $26,621 |
| Total Out Of Pocket | $109,440 |
| Cash On Cash | 24.33% |
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 | 35.31% | 35.31% | 35.31% | 35.31% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $7,019 | $84,228 | $89,357 | $94,799 | $109,898 |
| Vacancy Rate (10%) | $702 | $8,423 | $8,936 | $9,480 | $10,990 |
| Gross Rental Income | $6,317 | $75,805 | $80,422 | $85,319 | $98,909 |
| Expenses | |||||
| Estimated Annual Property Taxes | $496 | $5,952 | $6,314 | $6,699 | $7,766 |
| Estimated Annual Homeowners Insurance | $198 | $2,381 | $2,526 | $2,680 | $3,107 |
| Maintenance & Repairs (4%) | $253 | $3,032 | $3,217 | $3,413 | $3,956 |
| Estimated Annual Prop Mgmt Fee (19%) | $1,200 | $14,403 | $15,280 | $16,211 | $18,793 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $83 | $1,000 | $1,061 | $1,126 | $1,305 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $2,231 | $26,768 | $28,398 | $30,128 | $34,926 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $4,086 | $49,037 | $52,023 | $55,192 | $63,982 |
| Net Cashflow | $49,037 | $52,023 | $55,192 | $63,982 | |
| Cap Rate | 12.34% | 13.09% | 13.89% | 16.1% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $4,086 | $49,037 | $52,023 | $55,192 | $63,982 |
| Mortgage | $1,868 | $22,416 | $22,416 | $22,416 | $22,416 |
| Net Cashflow | $26,621 | $29,608 | $32,776 | $41,567 | |
| Cash On Cash | 24.33% | 27.05% | 29.95% | 37.98% | |
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.