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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 -5.21% first-year return on $69,135 initial cash invested.

-5.21%

Cash On Cash

5.49%

Cap Rate

0.85

DSCR

$2,443

Rent

-$300

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,443 income − $2,743 expenses = $300 out of pocket

Income$2,443Out of Pocket$300Mortgage P&I$1,31654%Property Taxes$1707%Insurance$843%Management$36615%CapEx$984%Maintenance$984%Other$61125%

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

$2,443

Total Expenses

$2,743

Mortgage P&I

54%

$1,316

Property Taxes

7%

$170

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$366

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$611

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