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2009 Atlantic Avenue, Savannah, GA 31401

3 beds • 2 baths • 1354 sqft

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This property looks like a bad Airbnb investment with a projected -11.54% first-year return on $98,850 initial cash invested.

-11.54%

Cash On Cash

4.08%

Cap Rate

0.62

DSCR

$3,353

Rent

-$951

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,353 income − $4,304 expenses = $951 out of pocket

Income$3,353Out of Pocket$951Mortgage P&I$2,12763%Property Taxes$42813%Insurance$1404%Management$50315%CapEx$1344%Maintenance$1344%Other$83825%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,353

Total Expenses

$4,304

Mortgage P&I

63%

$2,127

Property Taxes

13%

$428

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$503

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$838

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