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1060 S Millard Way, Stone Mountain, GA 30088

3 beds • 2 baths • 0 sqft

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This property looks like a bad Airbnb investment with a projected -13.48% first-year return on $84,150 initial cash invested.

-13.48%

Cash On Cash

2.83%

Cap Rate

0.46

DSCR

$2,114

Rent

-$945

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,114 income − $3,059 expenses = $945 out of pocket

Income$2,114Out of Pocket$945Mortgage P&I$1,60276%Property Taxes$33216%Insurance$1105%Management$31715%CapEx$854%Maintenance$854%Other$52825%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,114

Total Expenses

$3,059

Mortgage P&I

76%

$1,602

Property Taxes

16%

$332

Home Insurance

5%

$110

HOA

0%

$0

Property Management

15%

$317

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$528

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