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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 -13.75% first-year return on $84,150 initial cash invested.

-13.75%

Cash On Cash

2.75%

Cap Rate

0.45

DSCR

$2,076

Rent

-$964

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,076 income − $3,040 expenses = $964 out of pocket

Income$2,076Out of Pocket$964Mortgage P&I$1,60277%Property Taxes$33216%Insurance$1105%Management$31115%CapEx$834%Maintenance$834%Other$51925%

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

$2,076

Total Expenses

$3,040

Mortgage P&I

77%

$1,602

Property Taxes

16%

$332

Home Insurance

5%

$110

HOA

0%

$0

Property Management

15%

$311

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$519

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