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Equity Opportunity in Atlanta
Decatur, GA 30034
Equity Opportunity in Atlanta
Decatur, GA 30034
0.0%
Year 1 caprate$0
10 year cashflow0.00%
10 year irrDetails
- Lot size4,356
- Rentable Sq.Ft1,540
- $/Rentable Sq.Ft$130
- Monthly rent$1,650
- Safety deposit$1,650
- Estimated reserve$3,500
- Lease start2023-10-01
- Lease end2024-09-30
- HoaNo
- Flood zoneNo
COMING SOON - FIGURES SUBJECT TO CHANGE
Long-term investors stand to benefit from the following factors:
- Opportunity to increase value and rental income through renovations
- Desirable neighborhood with high potential for rental demand post-renovation
- Low going-in basis for both single family homes and rentals in a major metro
- Accessibility to employment, with the metro being home to 16 Fortune 500 companies
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Decatur, 30034
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
Weather
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $19,800 | $20,592 | $21,416 | $23,163 | $28,182 |
| Vacancy | ($0) | ($824) | ($857) | ($927) | ($1,127) |
| Operating revenues | $19,800 | $19,768 | $20,559 | $22,236 | $27,055 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,496) | ($1,541) | ($1,587) | ($1,684) | ($1,952) |
| Utilities | ($151) | ($156) | ($160) | ($170) | ($197) |
| Leasing fee | ($0) | ($536) | ($558) | ($603) | ($734) |
| Property mgmt | ($0) | ($1,853) | ($1,927) | ($2,085) | ($2,536) |
| Real estate taxes | ($4,287) | ($4,416) | ($4,548) | ($4,825) | ($5,593) |
| Repairs maintenance | ($495) | ($1,030) | ($1,071) | ($1,158) | ($1,409) |
| Operating expenses | ($6,429) | ($9,532) | ($9,851) | ($10,525) | ($12,421) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $0 | $0 | $0 | $0 | $0 |
| Operating expenses | $0 | $0 | $0 | $0 | $0 |
| Net operating income | $0 | $0 | $0 | $0 | $0 |
| Caprate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Share mgmt | ($1,008) | ($1,038) | ($1,069) | ($1,134) | ($1,315) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,008) | ($1,038) | ($1,069) | ($1,134) | ($1,315) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $0 | $0 | $0 | $0 | $0 |
| Cash yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Acquisition equity
| Down payment | ($200,000) | |||
|---|---|---|---|---|
| Title insurance | ($2,000) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home buyer inspection | ($500) | |||
| Leasing fee | ($1,650) | |||
| Renovation costs | ($30,000) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($1,746) | |||
| Total | ($246,896) | |||
Disposition proceeds
| Estimated sale price | $439,022 | |||
|---|---|---|---|---|
| Disposition fee | ($4,390) | |||
| Other disposition costs | ($8,780) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $425,851 | |||