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3050 Highland Park Ln, Lithonia, GA 30038

3 beds • 3 baths • 1899 sqft

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This property looks like a bad Airbnb investment with a projected -21.82% first-year return on $69,303 initial cash invested.

-21.82%

Cash On Cash

0.49%

Cap Rate

0.07

DSCR

$474

Rent

-$1,260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$474 income − $1,734 expenses = $1,260 out of pocket

Income$474Out of Pocket$1,260Mortgage P&I$1,340283%Property Taxes$8117%Insurance$8618%Management$7115%CapEx$194%Maintenance$194%Other$11825%

Investment Breakdown

|

Purchase Price

$244k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,303

Downpayment

20%

$48,860

Closing costs

1%

$2,443

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$474

Total Expenses

$1,734

Mortgage P&I

283%

$1,340

Property Taxes

17%

$81

Home Insurance

18%

$86

HOA

0%

$0

Property Management

15%

$71

CapEx

4%

$19

Vacancy

0%

$0

Maintenance

4%

$19

Other

25%

$118

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