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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 -1.53% first-year return on $87,006 initial cash invested.

-1.53%

Cash On Cash

6.17%

Cap Rate

1.02

DSCR

$3,665

Rent

-$111

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,665 income − $3,776 expenses = $111 out of pocket

Income$3,665Out of Pocket$111Mortgage P&I$1,65445%Property Taxes$2306%Insurance$1263%HOA$6Management$55015%CapEx$1474%Maintenance$1474%Other$91625%

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

$3,665

Total Expenses

$3,776

Mortgage P&I

45%

$1,654

Property Taxes

6%

$230

Home Insurance

3%

$126

HOA

0%

$6

Property Management

15%

$550

CapEx

4%

$147

Vacancy

0%

$0

Maintenance

4%

$147

Other

25%

$916

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