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2406 Patterson St, Thomasville, GA 31792

3 beds • 2 baths • 1392 sqft

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This property looks like a bad Airbnb investment with a projected -7.59% first-year return on $69,450 initial cash invested.

-7.59%

Cash On Cash

4.98%

Cap Rate

0.74

DSCR

$2,219

Rent

-$439

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,219 income − $2,658 expenses = $439 out of pocket

Income$2,219Out of Pocket$439Mortgage P&I$1,36662%Property Taxes$1406%Insurance$864%Management$33315%CapEx$894%Maintenance$894%Other$55525%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,219

Total Expenses

$2,658

Mortgage P&I

62%

$1,366

Property Taxes

6%

$140

Home Insurance

4%

$86

HOA

0%

$0

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$555

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