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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 -14.17% first-year return on $158k initial cash invested.

-14.17%

Cash On Cash

2.91%

Cap Rate

0.48

DSCR

$3,492

Rent

-$1,869

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,492 income − $5,361 expenses = $1,869 out of pocket

Income$3,492Out of Pocket$1,869Mortgage P&I$3,35096%Property Taxes$1003%Insurance$2347%Management$52415%CapEx$1404%Maintenance$1404%Other$87325%

Investment Breakdown

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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

$3,492

Total Expenses

$5,361

Mortgage P&I

96%

$3,350

Property Taxes

3%

$100

Home Insurance

7%

$234

HOA

0%

$0

Property Management

15%

$524

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$873

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