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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 -13.16% first-year return on $69,135 initial cash invested.

-13.16%

Cash On Cash

3.06%

Cap Rate

0.47

DSCR

$1,564

Rent

-$758

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,564 income − $2,322 expenses = $758 out of pocket

Income$1,564Out of Pocket$758Mortgage P&I$1,31684%Property Taxes$17011%Insurance$845%Management$23515%CapEx$634%Maintenance$634%Other$39125%

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

$1,564

Total Expenses

$2,322

Mortgage P&I

84%

$1,316

Property Taxes

11%

$170

Home Insurance

5%

$84

HOA

0%

$0

Property Management

15%

$235

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$391

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