Property Details
(Property Sold)

Split level home in Stone Mountain.
Property Photos
Before
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After
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No 'after' photos have been uploaded for this property |
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Documents
No documents have been uploaded for this property |
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 |
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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 |
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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 |
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