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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 -18.06% first-year return on $105k initial cash invested.

-18.06%

Cash On Cash

1.73%

Cap Rate

0.28

DSCR

$1,739

Rent

-$1,580

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,739 income − $3,319 expenses = $1,580 out of pocket

Income$1,739Out of Pocket$1,580Mortgage P&I$2,106121%Property Taxes$21913%Insurance$1589%Management$26115%CapEx$704%Maintenance$704%Other$43525%

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

$1,739

Total Expenses

$3,319

Mortgage P&I

121%

$2,106

Property Taxes

13%

$219

Home Insurance

9%

$158

HOA

0%

$0

Property Management

15%

$261

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$435

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