Property Details

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Investment property: Stone Mountain, GA 30088

Split level home in Stone Mountain.

Address 1898 Wynhurst Crossing
Stone Mountain, GA  30088
County DeKalb
Year Built 1992
Subdivision
Bedrooms 4
Bathrooms 2.5
SqFt 2137
Stories 2
Garage

Price $ 94900
Estimated Repairs $ 25000
Estimated Retail Value $ 94900
Estimated Rental Income $ 1150
Estimated Property Taxes $ 2419
HOA Fees $ 150

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Basic Purchase Information
Estimated Property Value $
Purchase Price $
Down Payment (20.00%) $
Equity at Purchase $

Cash at Closing
Loan Amount $
Down Payment (20.00%) $
Closing Costs (5.00%) $
Total Cash Required
at Closing *		 $
* This total does not include potential
escrow reserves for taxes & insurance

Mortgage Calculations
Loan Amount: $75,920, Loan Term: 30yrs, Interest Rate: 5.00%
Mortgage Payment $
Mortgage Payment (Yearly) $

Financial Performance Summary
Cash on Cash Return
(Year 1)
Cap Rate (Year 1)
Total Equity at Year 5 $
Projected Monthly Cash Flow $

Assumptions for Calculations (Annual)
Gross Scheduled Income (Monthly) $
Mortgage Interest Rate (%)
Mortgage Down Payment (%)
Mortgage Loan Term (Fixed)
Property Taxes $
Insurance $
Homeowners Association (Yearly) $
Property Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Purchase) (%)
Closing Costs (Sale) (%)

Cash Flow and Equity Accumulation
CASH-FLOW MONTHLY YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income $1,150 $13,800 $14,076 $14,358 $14,645 $14,938 $16,492 $20,104 $24,507
Vacancy Allowance $0 $0 $845 $861 $879 $896 $990 $1,206 $1,470
Total Operating Income $1,150 $13,800 $13,231 $13,496 $13,766 $14,041 $15,503 $18,898 $23,036
Property Taxes $202 $2,419 $2,467 $2,517 $2,567 $2,618 $2,891 $3,524 $4,296
Insurance $50 $600 $600 $600 $600 $600 $600 $600 $600
Homeowners Association $13 $150 $150 $150 $150 $150 $150 $150 $150
Maintenance Reserve $0 $0 $0 $0 $0 $0 $0 $0 $0
Property Management $92 $1,104 $1,126 $1,149 $1,172 $1,195 $1,319 $1,608 $1,961
minus Total Operating Expenses $356 $4,273 $4,343 $4,415 $4,489 $4,563 $4,960 $5,882 $7,006
Net Operating Income $794 $9,527 $8,888 $9,081 $9,277 $9,478 $10,542 $13,015 $16,030
minus Mortgage Expense $408 $4,891 $4,891 $4,891 $4,891 $4,891 $4,891 $4,891 $4,891
GROSS CASH FLOW $386 $4,636 $3,997 $4,190 $4,387 $4,587 $5,652 $8,125 $11,139
Plus Principle Paydown $93 $1,120 $1,177 $1,238 $1,301 $1,368 $1,755 $2,891 $4,761
Plus Yearly Appreciation $237 $2,847 $2,932 $3,020 $3,111 $3,204 $3,715 $4,992 $6,709
EFFECTIVE NET CASH FLOW $717 $8,603 $8,107 $8,448 $8,799 $9,159 $11,122 $16,008 $22,609
 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value $94,900 $97,747 $100,679 $103,700 $106,811 $123,823 $166,408 $223,638
(Mortgage Balance) $74,800 $73,622 $72,385 $71,084 $69,716 $61,755 $38,425 $0
EQUITY (WEALTH) $20,100 $24,125 $28,295 $32,616 $37,094 $62,068 $127,983 $223,638
 
TAX BENEFIT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation $3,451 $3,451 $3,451 $3,451 $3,451 $3,451 $3,451 $3,451
Mortgage Interest $3,771 $3,713 $3,653 $3,590 $3,523 $3,136 $2,000 $130
Equity Accumulation$20,100$24,125$28,295$32,616$37,094$41,736$46,548$51,536$56,707$62,068$67,628$73,393$79,372$85,574$92,007$98,681$105,605$112,790$120,246$127,983$136,014$144,349$153,003$161,987$171,316$181,002$191,062$201,511$212,364$223,638Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10Year 11Year 12Year 13Year 14Year 15Year 16Year 17Year 18Year 19Year 20Year 21Year 22Year 23Year 24Year 25Year 26Year 27Year 28Year 29Year 300k50k100k150k200k250kEquity

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