MultifamilyOwned
The Marlowe
1200 Peachtree St NE, Atlanta, GA
- Size
- 312 units
- Year built
- 2016
- Acquired
- 03/15/21
- Basis
- $78.5M
- Fund
- Fund II
- Region
- Southeast
- Manager
- PropLake Residential
- Accounting system
- Yardi
T12 NOI
$4.4M
+1.0% vs prior T12
Occupancy
94.7%
As of Aug 2026 rent roll
NOI / unit
$14,178
Trailing 12 months
Yield on cost
5.64%
T12 NOI / purchase price
DSCR
1.37x
Above 1.20x covenant
Monthly NOI
Sep 25 to Aug 26Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Debt
- Lender
- Wells Fargo
- Balance
- $51,000,000
- Rate
- 4.85%
- Structure
- 30-yr amort
- Maturity
- 04/01/28
- Annual debt service
- $3,229,474
- LTV on basis
- 65.0%
T12 income statement
PropLake standard chart of accounts · mapped from Yardi| Revenue | ||
| 4010Rental Income | $7,617,266 | 12 bronze rows |
| 4020Other Income | $306,684 | 12 bronze rows |
| 4030Vacancy Loss | ($381,807) | 12 bronze rows |
| Total revenue | $7,542,143 | |
| Operating expenses | ||
| 5010Payroll | $621,677 | 12 bronze rows |
| 5020Repairs & Maintenance | $436,554 | 12 bronze rows |
| 5030Utilities | $374,584 | 12 bronze rows |
| 5040Property Taxes | $688,615 | 12 bronze rows |
| 5050Insurance | $250,404 | 12 bronze rows |
| 5060Management Fees | $311,640 | 12 bronze rows |
| 5070Marketing | $123,714 | 12 bronze rows |
| 5080General & Administrative | $311,383 | 12 bronze rows |
| Total operating expenses | $3,118,571 | |
| Net operating income | $4,423,572 | |
| Below NOI | ||
| 6010Interest Expense | $2,473,500 | 12 bronze rows |
| 6020Capital Expenditures | $216,719 | 12 bronze rows |
| Net cash flow | $1,733,353 | |