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1903 Old Concord Dr SE, Covington, GA 30016

3 beds • 2 baths • 1389 sqft

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This property looks like a bad Airbnb investment with a projected -7.47% first-year return on $84,150 initial cash invested.

-7.47%

Cash On Cash

4.32%

Cap Rate

0.73

DSCR

$2,519

Rent

-$524

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,519 income − $3,043 expenses = $524 out of pocket

Income$2,519Out of Pocket$524Mortgage P&I$1,55862%Property Taxes$1657%Insurance$1104%Management$37815%CapEx$1014%Maintenance$1014%Other$63025%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.3%

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

$2,519

Total Expenses

$3,043

Mortgage P&I

62%

$1,558

Property Taxes

7%

$165

Home Insurance

4%

$110

HOA

0%

$0

Property Management

15%

$378

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$630

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