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260 Wallace Way, Rockmart, GA 30153

3 beds • 2 baths • 1104 sqft

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This property looks like a bad Airbnb investment with a projected -17.06% first-year return on $69,135 initial cash invested.

-17.06%

Cash On Cash

1.86%

Cap Rate

0.29

DSCR

$1,128

Rent

-$983

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,128 income − $2,111 expenses = $983 out of pocket

Income$1,128Out of Pocket$983Mortgage P&I$1,316117%Property Taxes$17015%Insurance$847%Management$16915%CapEx$454%Maintenance$454%Other$28225%

Investment Breakdown

|

Purchase Price

$244k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,135

Downpayment

20%

$48,700

Closing costs

1%

$2,435

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,128

Total Expenses

$2,111

Mortgage P&I

117%

$1,316

Property Taxes

15%

$170

Home Insurance

7%

$84

HOA

0%

$0

Property Management

15%

$169

CapEx

4%

$45

Vacancy

0%

$0

Maintenance

4%

$45

Other

25%

$282

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