Property Details

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Investment property: Douglasville, GA 30134

Home with split foyer, spacious kitchen, dining room, family room with fireplace, 2 car garage and partial finished basement.

Address 6347 New Gate Drive
Douglasville, GA  30134
County Douglas
Year Built 2002
Subdivision
Bedrooms 4
Bathrooms 3
SqFt 1186
Stories 2
Garage

Price $ 91900
Estimated Repairs $ 21000
Estimated Retail Value $ 91900
Estimated Rental Income $ 1000
Estimated Property Taxes $ 1064
HOA Fees $ 0

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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: $73,520, 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 $1,000 $12,000 $12,240 $12,485 $12,734 $12,989 $14,341 $17,482 $21,310
Vacancy Allowance $0 $0 $734 $749 $764 $779 $860 $1,049 $1,279
Total Operating Income $1,000 $12,000 $11,506 $11,736 $11,970 $12,210 $13,481 $16,433 $20,032
Property Taxes $89 $1,064 $1,085 $1,107 $1,129 $1,152 $1,272 $1,550 $1,889
Insurance $50 $600 $600 $600 $600 $600 $600 $600 $600
Homeowners Association $0 $0 $0 $0 $0 $0 $0 $0 $0
Maintenance Reserve $0 $0 $0 $0 $0 $0 $0 $0 $0
Property Management $80 $960 $979 $999 $1,019 $1,039 $1,147 $1,399 $1,705
minus Total Operating Expenses $219 $2,624 $2,664 $2,706 $2,748 $2,791 $3,019 $3,549 $4,194
Net Operating Income $781 $9,376 $8,841 $9,030 $9,223 $9,419 $10,462 $12,884 $15,837
minus Mortgage Expense $395 $4,736 $4,736 $4,736 $4,736 $4,736 $4,736 $4,736 $4,736
GROSS CASH FLOW $387 $4,640 $4,105 $4,294 $4,486 $4,683 $5,726 $8,148 $11,101
Plus Principle Paydown $90 $1,085 $1,140 $1,199 $1,260 $1,324 $1,700 $2,799 $4,610
Plus Yearly Appreciation $230 $2,757 $2,840 $2,925 $3,013 $3,103 $3,597 $4,834 $6,497
EFFECTIVE NET CASH FLOW $707 $8,482 $8,085 $8,417 $8,758 $9,110 $11,023 $15,782 $22,208
 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value $91,900 $94,657 $97,497 $100,422 $103,434 $119,909 $161,147 $216,568
(Mortgage Balance) $72,435 $71,295 $70,097 $68,837 $67,512 $59,803 $37,210 $0
EQUITY (WEALTH) $19,465 $23,362 $27,400 $31,585 $35,922 $60,106 $123,937 $216,568
 
TAX BENEFIT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation $3,342 $3,342 $3,342 $3,342 $3,342 $3,342 $3,342 $3,342
Mortgage Interest $3,651 $3,596 $3,538 $3,476 $3,412 $3,037 $1,937 $126
Equity Accumulation$19,465$23,362$27,400$31,585$35,922$40,417$45,076$49,906$54,914$60,106$65,490$71,073$76,863$82,869$89,099$95,562$102,267$109,224$116,444$123,937$131,714$139,786$148,166$156,866$165,900$175,280$185,022$195,140$205,650$216,568Year 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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