Property Details

(Property Sold)

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Investment property: Powder Springs, GA 30127

Home with split foyer, family room, pantry, breakfast area, dining room, fireplace and 2 car garage. Home sold in 2005 for $151,500.

Address 2989 Elberta Terrace
Powder Springs, GA  30127
County Cobb
Year Built 1993
Subdivision
Bedrooms 4
Bathrooms 3
SqFt 1501
Stories 2
Garage

Price $ 104900
Estimated Repairs $ 22000
Estimated Retail Value $ 104900
Estimated Rental Income $ 1095
Estimated Property Taxes $ 1114
HOA Fees $ 364

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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: $83,920, 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 $1,095 $13,140 $13,403 $13,671 $13,944 $14,223 $15,704 $19,142 $23,335
Vacancy Allowance $0 $0 $804 $820 $837 $853 $942 $1,149 $1,400
Total Operating Income $1,095 $13,140 $12,599 $12,851 $13,108 $13,370 $14,761 $17,994 $21,935
Property Taxes $93 $1,114 $1,136 $1,159 $1,182 $1,206 $1,331 $1,623 $1,978
Insurance $50 $600 $600 $600 $600 $600 $600 $600 $600
Homeowners Association $30 $364 $364 $364 $364 $364 $364 $364 $364
Maintenance Reserve $0 $0 $0 $0 $0 $0 $0 $0 $0
Property Management $88 $1,051 $1,072 $1,094 $1,116 $1,138 $1,256 $1,531 $1,867
minus Total Operating Expenses $261 $3,129 $3,173 $3,217 $3,262 $3,308 $3,552 $4,118 $4,809
Net Operating Income $834 $10,011 $9,426 $9,634 $9,846 $10,062 $11,210 $13,876 $17,125
minus Mortgage Expense $451 $5,406 $5,406 $5,406 $5,406 $5,406 $5,406 $5,406 $5,406
GROSS CASH FLOW $384 $4,605 $4,020 $4,228 $4,440 $4,656 $5,804 $8,470 $11,719
Plus Principle Paydown $103 $1,238 $1,301 $1,368 $1,438 $1,512 $1,940 $3,195 $5,262
Plus Yearly Appreciation $262 $3,147 $3,241 $3,339 $3,439 $3,542 $4,106 $5,518 $7,416
EFFECTIVE NET CASH FLOW $749 $8,990 $8,563 $8,935 $9,317 $9,710 $11,850 $17,183 $24,398
 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value $104,900 $108,047 $111,288 $114,627 $118,066 $136,871 $183,943 $247,204
(Mortgage Balance) $82,682 $81,380 $80,012 $78,574 $77,063 $68,262 $42,474 $0
EQUITY (WEALTH) $22,218 $26,667 $31,276 $36,053 $41,003 $68,608 $141,469 $247,204
 
TAX BENEFIT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation $3,815 $3,815 $3,815 $3,815 $3,815 $3,815 $3,815 $3,815
Mortgage Interest $4,168 $4,105 $4,038 $3,968 $3,894 $3,466 $2,211 $144
Equity Accumulation$22,218$26,667$31,276$36,053$41,003$46,134$51,453$56,966$62,682$68,608$74,754$81,127$87,736$94,591$101,702$109,080$116,733$124,675$132,916$141,469$150,346$159,560$169,125$179,056$189,368$200,075$211,195$222,745$234,741$247,204Year 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 300k50k100k150k200k250k300kEquity

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