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3189 Spring Lake Dr NE, Conyers, GA 30013

3 beds • 3 baths • 4029 sqft

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This property looks like a bad Airbnb investment with a projected -17.3% first-year return on $105k initial cash invested.

-17.3%

Cash On Cash

1.93%

Cap Rate

0.32

DSCR

$1,862

Rent

-$1,514

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,862 income − $3,376 expenses = $1,514 out of pocket

Income$1,862Out of Pocket$1,514Mortgage P&I$2,106113%Property Taxes$21912%Insurance$1588%Management$27915%CapEx$744%Maintenance$744%Other$46625%

Investment Breakdown

|

Purchase Price

$414k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,860

Closing costs

1%

$4,143

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,862

Total Expenses

$3,376

Mortgage P&I

113%

$2,106

Property Taxes

12%

$219

Home Insurance

8%

$158

HOA

0%

$0

Property Management

15%

$279

CapEx

4%

$74

Vacancy

0%

$0

Maintenance

4%

$74

Other

25%

$466

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