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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 -21.47% first-year return on $105k initial cash invested.

-21.47%

Cash On Cash

0.79%

Cap Rate

0.13

DSCR

$1,163

Rent

-$1,879

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,163 income − $3,042 expenses = $1,879 out of pocket

Income$1,163Out of Pocket$1,879Mortgage P&I$2,106181%Property Taxes$21919%Insurance$15814%Management$17415%CapEx$474%Maintenance$474%Other$29125%

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

$1,163

Total Expenses

$3,042

Mortgage P&I

181%

$2,106

Property Taxes

19%

$219

Home Insurance

14%

$158

HOA

0%

$0

Property Management

15%

$174

CapEx

4%

$47

Vacancy

0%

$0

Maintenance

4%

$47

Other

25%

$291

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