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3422 Mill Creek Rd, Gainesville, GA 30506

3 beds • 2 baths • 1590 sqft

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This property looks like a bad Airbnb investment with a projected -2.07% first-year return on $87,006 initial cash invested.

-2.07%

Cash On Cash

6.02%

Cap Rate

1

DSCR

$3,591

Rent

-$150

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,591 income − $3,741 expenses = $150 out of pocket

Income$3,591Out of Pocket$150Mortgage P&I$1,65446%Property Taxes$2306%Insurance$1264%HOA$6Management$53915%CapEx$1444%Maintenance$1444%Other$89825%

Investment Breakdown

|

Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,006

Downpayment

20%

$65,720

Closing costs

1%

$3,286

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,591

Total Expenses

$3,741

Mortgage P&I

46%

$1,654

Property Taxes

6%

$230

Home Insurance

4%

$126

HOA

0%

$6

Property Management

15%

$539

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$898

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