Browse Properties
2056 Lil Jess
Douglasville, GA 30135
2056 Lil Jess
Douglasville, GA 30135
6.9%
Year 1 Cap Rate$317,852
10 yr cash flow10.63%
10 yr IRRDetails
- Lot size0
- Rentable Sq.Ft1,197
- $/Rentable Sq.Ft$180
- Monthly rent$1,695
- Safety deposit$1,695
- Estimated reserve$3,500
- Lease start2023-09-01
- Lease end2024-08-30
- HOANo
- Flood zoneNo
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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:
2056 Lil Jess Ln, Douglasville, GA 30135
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $20,259 | $20,340 | $21,357 | $23,546 | $30,051 |
| Vacancy & Collection Loss | ($0) | ($814) | ($854) | ($942) | ($1,202) |
| Operating revenues | $20,259 | $19,526 | $20,503 | $22,604 | $28,849 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,109) | ($1,143) | ($1,177) | ($1,249) | ($1,448) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($0) | ($339) | ($356) | ($392) | ($501) |
| Property management | ($972) | ($976) | ($1,025) | ($1,130) | ($1,442) |
| Real estate taxes | ($2,884) | ($2,970) | ($3,059) | ($3,246) | ($3,763) |
| Repairs and maintenance | ($506) | ($1,017) | ($1,068) | ($1,177) | ($1,503) |
| Operating expenses | ($5,471) | ($6,445) | ($6,685) | ($7,194) | ($8,657) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $20,259 | $19,526 | $20,503 | $22,604 | $28,849 |
| Operating expenses | ($5,471) | ($6,445) | ($6,685) | ($7,194) | ($8,657) |
| Net Operating Income | $14,788 | $13,081 | $13,818 | $15,410 | $20,192 |
| Cap Rate | 6.9% | 6.1% | 6.4% | 7.2% | 9.4% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,083) | ($1,116) | ($1,149) | ($1,219) | ($1,413) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,083) | ($1,116) | ($1,149) | ($1,219) | ($1,413) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $13,705 | $11,965 | $12,669 | $14,191 | $18,779 |
| Cash yield | 5.9% | 5.2% | 5.5% | 6.1% | 8.1% |
Acquisition Equity
| Down payment | ($215,000) | |||
|---|---|---|---|---|
| Acquisition fee | ($7,500) | |||
| Title insurance | ($2,150) | |||
| Debt costs | ||||
| Home Buyer Inspection | ($500) | |||
| Leasing Fee | ($2,543) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($991) | |||
| Total | ($232,184) | |||
Disposition Proceeds
| Estimated sale price | $412,221 | |||
|---|---|---|---|---|
| Disposition fee | ($4,122) | |||
| Other disposition costs | ($8,244) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $399,854 | |||
