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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 -20.59% first-year return on $69,303 initial cash invested.

-20.59%

Cash On Cash

0.86%

Cap Rate

0.13

DSCR

$610

Rent

-$1,189

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$610 income − $1,799 expenses = $1,189 out of pocket

Income$610Out of Pocket$1,189Mortgage P&I$1,340220%Property Taxes$8113%Insurance$8614%Management$9215%CapEx$244%Maintenance$244%Other$15225%

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

$610

Total Expenses

$1,799

Mortgage P&I

220%

$1,340

Property Taxes

13%

$81

Home Insurance

14%

$86

HOA

0%

$0

Property Management

15%

$92

CapEx

4%

$24

Vacancy

0%

$0

Maintenance

4%

$24

Other

25%

$152

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