Athens GA | 3 Duplexes

  • Three duplexes located on one parcel
  • Professionally managed by Our Town Realty & Property Management
  • Interior & exterior rehab of all units in 2019 - photos of 357 Arch represent condition of all units

List Price
$480,000
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Min Purchase
3 of 3
Avg Price
$160,000
Avg Sqft
4,282
Avg Year Built
1965
Financial Highlight
Rent
Monthly Average
$1,600
Monthly Total
$4,800
Occupancy
100.0%
Levered IRR
10.7%
Cap Rate
7.4%
Gross Yield
12.0%
Net Income
$35,439
Appreciation
0.8%
Duplex
$160,000
4bd, 3ba | 4,282sqft
Current Rent
$1,600
Neighborhood
357 Arch St
Athens, GA 30601
Duplex
investment property - 359 Arch St, Athens, GA 30601, Clarke - main image placeholder
$160,000
4bd, 3ba | 4,282sqft
Current Rent
$1,600
Neighborhood
359 Arch St
Athens, GA 30601
Duplex
investment property - 361 Arch St, Athens, GA 30601, Clarke - main image placeholder
$160,000
4bd, 3ba | 4,282sqft
Current Rent
$1,600
Neighborhood
361 Arch St
Athens, GA 30601
Manage Assumptions
Appreciation
0.8%
Financing
75%
Loan Interest Rate
4.250%
Rent Growth
3.00%
Vacancy Rate
5.00%
Operating Expenses Details
Property Management
8.00%
Leasing Fees
2.00%
Property Taxes
1.35%
Insurance
0.60%
Repairs & Maintenance
8.00%
Capital Expenditures
$1,824
Financial Pro Forma
Initial Year Year 1 Year 2 Year 3 Year 4 Year 5
REVENUE
Gross Rent $57,600 $59,328 $61,108 $62,941 $64,829
Economic Vacancy Factor -$2,880 -$2,966 -$3,055 -$3,147 -$3,241
Net Revenue $54,720 $56,362 $58,052 $59,794 $61,588
EXPENSES
Property Management -$4,378 -$4,509 -$4,644 -$4,784 -$4,927
Leasing Fees -$1,094 -$1,127 -$1,161 -$1,196 -$1,232
HOA Fees $0 $0 $0 $0 $0
Property Taxes -$6,480 -$6,530 -$6,580 -$6,630 -$6,681
Insurance -$2,880 -$2,902 -$2,924 -$2,947 -$2,969
Repairs & Maintenance -$4,378 -$4,509 -$4,644 -$4,784 -$4,927
Operating Expenses -$19,281 -$19,649 -$20,026 -$20,413 -$20,810
TOTAL OPERATING CASH FLOW
Net Operating Income $35,439 $36,712 $38,026 $39,381 $40,778
Net Operating Income Margin 64.8% 65.1% 65.5% 65.9% 66.2%
CAPITAL EXPENDITURES RESERVE -$5,472 -$5,636 -$5,805 -$5,979 -$6,159
PROPERTY PURCHASE AND SALE
Purchase / Sale Price -$480,000 $494,893
Acquisition Fees / Closing Costs -$13,200
Contingency $0
Disposition Fees / Closing Costs -$17,454
Net Purchase / Sale Proceeds -$493,200 $477,439
FINANCING
Down Payment -$120,000
Loan Fees -$3,600
Loan Payments $21,252 $21,252 $21,252 $21,252 $21,252
Loan Balance $360,000 $353,931 $347,599 $340,992 $334,099 $326,908
Total Financing / Debt Service Cash Flows -$123,600 -$21,252 -$21,252 -$21,252 -$21,252 -$21,252
RETURN
Unlevered Cash Flow -$493,200 $31,076 $32,221 $33,401 $34,619 $477,439
Levered Cash Flow -$133,200 $9,824 $10,969 $12,149 $13,367 $150,531
Unlevered IRR 5.5%
Levered IRR 10.7%

This Financial Pro Forma is provided to you for informational and general guidance purposes only. It is an estimate of a possible financial return on your real estate purchase and may not be indicative of your actual results. Your actual results may vary and Roofstock makes no guarantee as to the actual results of your purchase of the property. The numbers below are based upon calculations using: (i) the online Property Assumptions under "Manage Assumptions" which you should review and understand prior to investing and (ii) numbers and effects are based upon general financial and economic averages, assumptions and conditions nationwide and in the real estate industry generally. All Property Assumptions initially provided to you on the site are based upon the reasonable assumptions by Roofstock as to the property, its market and general economic conditions and are not guarantees of actual results or numbers.

Financial and real estate market conditions as well as economic drivers such as interest rates, inflation, expenses, and taxation are subject to rapid fluctuations and your results may differ in each geographic market.

This Financial Pro Forma is not to be used as a financial plan or as investment or real estate advice and is not intended as part of a recommendation to purchase any investment property.


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