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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 -17.31% first-year return on $84,150 initial cash invested.

-17.31%

Cash On Cash

1.49%

Cap Rate

0.25

DSCR

$1,192

Rent

-$1,214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,192 income − $2,406 expenses = $1,214 out of pocket

Income$1,192Out of Pocket$1,214Mortgage P&I$1,558131%Property Taxes$16514%Insurance$1109%Management$17915%CapEx$484%Maintenance$484%Other$29825%

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

$1,192

Total Expenses

$2,406

Mortgage P&I

131%

$1,558

Property Taxes

14%

$165

Home Insurance

9%

$110

HOA

0%

$0

Property Management

15%

$179

CapEx

4%

$48

Vacancy

0%

$0

Maintenance

4%

$48

Other

25%

$298

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