Property Details

(Property Sold)

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Investment property: Stone Mountain, GA 30087

Two story home with kitchen with island, breakfast area, family room with fireplace, dining room, living room and 2 car garage. Home sold in 2001 for $166,200.

Address 575 Lakewater Estates Lane
Stone Mountain, GA  30087
County DeKalb
Year Built 2000
Subdivision
Bedrooms 4
Bathrooms 2.5
SqFt 2792
Stories 2
Garage

Price $ 112900
Estimated Repairs $ 25000
Estimated Retail Value $ 112900
Estimated Rental Income $ 1200
Estimated Property Taxes $ 1664
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: $90,320, 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 $1,200 $14,400 $14,688 $14,982 $15,281 $15,587 $17,209 $20,978 $25,572
Vacancy Allowance $0 $0 $881 $899 $917 $935 $1,033 $1,259 $1,534
Total Operating Income $1,200 $14,400 $13,807 $14,083 $14,365 $14,652 $16,177 $19,719 $24,038
Property Taxes $139 $1,664 $1,697 $1,731 $1,766 $1,801 $1,989 $2,424 $2,955
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 $96 $1,152 $1,175 $1,199 $1,223 $1,247 $1,377 $1,678 $2,046
minus Total Operating Expenses $285 $3,416 $3,472 $3,530 $3,588 $3,648 $3,965 $4,702 $5,601
Net Operating Income $915 $10,984 $10,334 $10,553 $10,776 $11,004 $12,211 $15,017 $18,437
minus Mortgage Expense $485 $5,818 $5,818 $5,818 $5,818 $5,818 $5,818 $5,818 $5,818
GROSS CASH FLOW $430 $5,166 $4,516 $4,735 $4,958 $5,185 $6,393 $9,199 $12,619
Plus Principle Paydown $111 $1,333 $1,401 $1,472 $1,548 $1,627 $2,088 $3,439 $5,664
Plus Yearly Appreciation $282 $3,387 $3,489 $3,593 $3,701 $3,812 $4,419 $5,939 $7,982
EFFECTIVE NET CASH FLOW $824 $9,886 $9,405 $9,801 $10,207 $10,624 $12,900 $18,577 $26,264
 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value $112,900 $116,287 $119,776 $123,369 $127,070 $147,309 $197,971 $266,056
(Mortgage Balance) $88,987 $87,587 $86,114 $84,567 $82,940 $73,468 $45,713 $0
EQUITY (WEALTH) $23,913 $28,700 $33,661 $38,802 $44,130 $73,841 $152,258 $266,056
 
TAX BENEFIT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation $4,105 $4,105 $4,105 $4,105 $4,105 $4,105 $4,105 $4,105
Mortgage Interest $4,486 $4,418 $4,346 $4,271 $4,191 $3,730 $2,379 $155
Equity Accumulation$23,913$28,700$33,661$38,802$44,130$49,652$55,377$61,310$67,462$73,841$80,455$87,314$94,427$101,805$109,459$117,398$125,636$134,183$143,053$152,258$161,812$171,729$182,024$192,712$203,810$215,334$227,302$239,732$252,643$266,056Year 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 300k100k200k300kEquity

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