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224 Covey Rd, Milledgeville, GA 31061

3 beds • 3 baths • 1996 sqft

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This property looks like a bad Airbnb investment with a projected -13.35% first-year return on $158k initial cash invested.

-13.35%

Cash On Cash

3.12%

Cap Rate

0.52

DSCR

$3,699

Rent

-$1,761

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,699 income − $5,460 expenses = $1,761 out of pocket

Income$3,699Out of Pocket$1,761Mortgage P&I$3,35091%Property Taxes$1003%Insurance$2346%Management$55515%CapEx$1484%Maintenance$1484%Other$92525%

Investment Breakdown

|

Purchase Price

$668k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$158k

Downpayment

20%

$134k

Closing costs

1%

$6,680

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,699

Total Expenses

$5,460

Mortgage P&I

91%

$3,350

Property Taxes

3%

$100

Home Insurance

6%

$234

HOA

0%

$0

Property Management

15%

$555

CapEx

4%

$148

Vacancy

0%

$0

Maintenance

4%

$148

Other

25%

$925

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