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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 -21.96% first-year return on $69,303 initial cash invested.

-21.96%

Cash On Cash

0.44%

Cap Rate

0.07

DSCR

$458

Rent

-$1,268

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$458 income − $1,726 expenses = $1,268 out of pocket

Income$458Out of Pocket$1,268Mortgage P&I$1,340293%Property Taxes$8118%Insurance$8619%Management$6915%CapEx$184%Maintenance$184%Other$11425%

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

$458

Total Expenses

$1,726

Mortgage P&I

293%

$1,340

Property Taxes

18%

$81

Home Insurance

19%

$86

HOA

0%

$0

Property Management

15%

$69

CapEx

4%

$18

Vacancy

0%

$0

Maintenance

4%

$18

Other

25%

$114

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