$259,000
407 E Chappell St
Griffin GA, 30223
Financial Returns
FinancingCash Flow/mo: $446
CashCash Flow/mo: $1,488
22.25%IRR
6.82%CAP Rate
7.95%Cash On Cash
$0Equity
Property Information
- Beds: 3
- Baths: 2
- Sq Feet: 1,352
- Year: 2025
- Monthly Rent: $1,750
- Property Taxes: $2,000
- Annual HOA: $0
BRAND NEW CONSTRUCTION IN 2025!
*Free Property Management for the first 12 months, 8% after that.
4.99% Special Interest Rate!!
This property is already rented for $1,750 a month.
Financial Projections
Debt (191k, 185k, 178k, 158k) Equity (70k, 76k, 83k, 104k) Appreciation (13k, 41k, 73k, 166k) Cash Positioning (5k, 18k, 32k, 80k)
Financing Assumptions
| Loan Amount | $194,250 |
| Financed Rehab Amount | $0 |
| Interest Rate | 4.99% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,042 |
Initial Investment
| Down Payment (25%) | $64,750 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $2,590 |
| Points (0%) | $0 |
| Total Out Of Pocket | $67,340 |
Property KPI Without Financing
| Annual Cash Flow | $17,850 |
| All In Cost | $261,590 |
| Cap Rate | 6.82% |
Property KPI With Financing
| Annual Cash Flow | $5,351 |
| Total Out Of Pocket | $67,340 |
| Cash On Cash | 7.95% |
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 | 15% | 15% | 15% | 15% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,750 | $21,000 | $22,279 | $23,636 | $27,400 |
| Gross Rental Income | $1,750 | $21,000 | $22,279 | $23,636 | $27,400 |
| Expenses | |||||
| Estimated Annual Property Taxes | $167 | $2,000 | $2,122 | $2,251 | $2,610 |
| Estimated Annual Homeowners Insurance | $96 | $1,150 | $1,220 | $1,294 | $1,500 |
| Maintenance & Repairs (%) | $0 | $0 | $0 | $0 | $0 |
| Estimated Annual Prop Mgmt Fee (0%) | $0 | $0 | $0 | $0 | $0 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $0 | $0 | $0 | $0 | $0 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $263 | $3,150 | $3,342 | $3,545 | $4,110 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,488 | $17,850 | $18,937 | $20,090 | $23,290 |
| Net Cashflow | $17,850 | $18,937 | $20,090 | $23,290 | |
| Cap Rate | 6.82% | 7.24% | 7.68% | 8.9% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,488 | $17,850 | $18,937 | $20,090 | $23,290 |
| Mortgage | $1,042 | $12,499 | $12,499 | $12,499 | $12,499 |
| Net Cashflow | $5,351 | $6,438 | $7,591 | $10,791 | |
| Cash On Cash | 7.95% | 9.56% | 11.27% | 16.02% | |
Property Photos
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.