Lithonia, GA 30058
Lithonia, GA 30058
5.3%
Year 1 Cap Rate$354,633
10 yr cash flow8.29%
10 yr IRRNiche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Lithonia, 30058
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $31,200 | $32,448 | $33,746 | $36,500 | $44,407 |
| Vacancy & Collection Loss | ($1,560) | ($1,622) | ($1,687) | ($1,825) | ($2,220) |
| Operating revenues | $29,640 | $30,826 | $32,059 | $34,675 | $42,187 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($2,254) | ($2,322) | ($2,391) | ($2,537) | ($2,941) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($520) | ($541) | ($562) | ($608) | ($740) |
| Property management | ($1,482) | ($1,541) | ($1,603) | ($1,734) | ($2,109) |
| Real estate taxes | ($5,980) | ($6,152) | ($6,337) | ($6,723) | ($7,794) |
| Repairs and maintenance | ($1,560) | ($1,622) | ($1,687) | ($1,825) | ($2,220) |
| Operating expenses | ($11,796) | ($12,178) | ($12,580) | ($13,427) | ($15,804) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $29,640 | $30,826 | $32,059 | $34,675 | $42,187 |
| Operating expenses | ($11,796) | ($12,178) | ($12,580) | ($13,427) | ($15,804) |
| Net Operating Income | $17,844 | $18,648 | $19,479 | $21,248 | $26,383 |
| Cap Rate | 5.3% | 5.6% | 5.8% | 6.3% | 7.9% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,692) | ($1,743) | ($1,795) | ($1,904) | ($2,207) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,692) | ($1,743) | ($1,795) | ($1,904) | ($2,207) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $16,152 | $16,905 | $17,684 | $19,344 | $24,176 |
| Cash yield | 4.5% | 4.7% | 4.9% | 5.4% | 6.7% |
| Down payment | ($335,000) | |||
|---|---|---|---|---|
| Title insurance | ($5,025) | |||
| Debt costs | ||||
| Acquisition fee | ($10,050) | |||
| Home Buyer Inspection | ($1,000) | |||
| Leasing Fee | ($3,900) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($2,701) | |||
| Total | ($361,176) | |||
| Estimated sale price | $532,402 | |||
|---|---|---|---|---|
| Disposition fee | ($5,324) | |||
| Other disposition costs | ($10,648) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $516,430 | |||