Browse Properties
Off-Market Opportunity in Monroe
Monroe, GA 30655
Off-Market Opportunity in Monroe
Monroe, GA 30655
5.6%
Year 1 Cap Rate$298,794
10 yr cash flow8.95%
10 yr IRRDetails
- Lot size16,117
- Rentable Sq.Ft1,632
- $/Rentable Sq.Ft$156
- Monthly rent$1,950
- Safety deposit$1,950
- Estimated reserve$3,500
- Lease start2024-12-01
- Lease end2025-11-30
- 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:
Monroe, 30655
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 | $23,400 | $24,336 | $25,309 | $27,375 | $33,305 |
| Vacancy & Collection Loss | ($1,170) | ($1,217) | ($1,265) | ($1,369) | ($1,665) |
| Operating revenues | $22,230 | $23,119 | $24,044 | $26,006 | $31,640 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,293) | ($1,331) | ($1,371) | ($1,455) | ($1,687) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($390) | ($406) | ($422) | ($456) | ($555) |
| Property management | ($1,112) | ($1,156) | ($1,202) | ($1,300) | ($1,582) |
| Real estate taxes | ($3,982) | ($4,101) | ($4,224) | ($4,482) | ($5,195) |
| Repairs and maintenance | ($1,170) | ($1,217) | ($1,265) | ($1,369) | ($1,665) |
| Operating expenses | ($7,947) | ($8,211) | ($8,484) | ($9,062) | ($10,684) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $22,230 | $23,119 | $24,044 | $26,006 | $31,640 |
| Operating expenses | ($7,947) | ($8,211) | ($8,484) | ($9,062) | ($10,684) |
| Net Operating Income | $14,283 | $14,908 | $15,560 | $16,944 | $20,956 |
| Cap Rate | 5.6% | 5.8% | 6.1% | 6.6% | 8.2% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,288) | ($1,326) | ($1,366) | ($1,449) | ($1,680) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,288) | ($1,326) | ($1,366) | ($1,449) | ($1,680) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $12,995 | $13,582 | $14,194 | $15,495 | $19,276 |
| Cash yield | 4.7% | 4.9% | 5.2% | 5.6% | 7.0% |
Acquisition Equity
| Down payment | ($255,000) | |||
|---|---|---|---|---|
| Title insurance | ($3,825) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home Buyer Inspection | ($1,000) | |||
| Leasing Fee | ($2,925) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($1,648) | |||
| Total | ($275,398) | |||
Disposition Proceeds
| Estimated sale price | $427,421 | |||
|---|---|---|---|---|
| Disposition fee | ($4,274) | |||
| Other disposition costs | ($8,548) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $414,598 | |||
