Property Details

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Investment property: Lithonia, GA 30038

4/3 split level in Lithonia! Property is currently under rehab and will post pictures upon completion.

Address 5776 Windemere Ct
Lithonia, GA  30038
County Dekalb
Year Built 1973
Subdivision
Bedrooms 4
Bathrooms 3
SqFt 2022
Stories 1
Garage

Price $ 110000
Estimated Repairs $ 35000
Estimated Retail Value $ 110000
Estimated Rental Income $ 1095
Estimated Property Taxes $ 950
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: $88,000, 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 $79 $950 $969 $988 $1,008 $1,028 $1,135 $1,384 $1,687
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 $88 $1,051 $1,072 $1,094 $1,116 $1,138 $1,256 $1,531 $1,867
minus Total Operating Expenses $217 $2,601 $2,641 $2,682 $2,724 $2,766 $2,992 $3,515 $4,154
Net Operating Income $878 $10,539 $9,957 $10,169 $10,384 $10,604 $11,770 $14,479 $17,781
minus Mortgage Expense $472 $5,669 $5,669 $5,669 $5,669 $5,669 $5,669 $5,669 $5,669
GROSS CASH FLOW $406 $4,870 $4,289 $4,500 $4,715 $4,935 $6,101 $8,810 $12,112
Plus Principle Paydown $108 $1,298 $1,365 $1,435 $1,508 $1,585 $2,034 $3,350 $5,518
Plus Yearly Appreciation $275 $3,300 $3,399 $3,501 $3,606 $3,714 $4,306 $5,787 $7,777
EFFECTIVE NET CASH FLOW $789 $9,468 $9,053 $9,436 $9,829 $10,234 $12,441 $17,947 $25,407
 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value $110,000 $113,300 $116,699 $120,200 $123,806 $143,525 $192,886 $259,222
(Mortgage Balance) $86,702 $85,337 $83,902 $82,394 $80,809 $71,581 $44,539 $0
EQUITY (WEALTH) $23,298 $27,963 $32,797 $37,806 $42,997 $71,944 $148,347 $259,222
 
TAX BENEFIT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000
Mortgage Interest $4,371 $4,304 $4,234 $4,161 $4,084 $3,635 $2,318 $151
Equity Accumulation$23,298$27,963$32,797$37,806$42,997$48,377$53,954$59,736$65,729$71,944$78,388$85,071$92,002$99,190$106,647$114,383$122,409$130,737$139,378$148,347$157,655$167,318$177,348$187,762$198,574$209,802$221,463$233,574$246,154$259,222Year 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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