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408 N Lee St, Quitman, GA 31643

3 beds • 2 baths • 1988 sqft

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This property looks like a bad Airbnb investment with a projected -8.08% first-year return on $49,290 initial cash invested.

-8.08%

Cash On Cash

4.09%

Cap Rate

0.64

DSCR

$1,092

Rent

-$332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,092 income − $1,424 expenses = $332 out of pocket

Income$1,092Out of Pocket$332Mortgage P&I$79673%Property Taxes$515%Insurance$525%Management$16415%CapEx$444%Maintenance$444%Other$27325%

Investment Breakdown

|

Purchase Price

$149k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,290

Downpayment

20%

$29,800

Closing costs

1%

$1,490

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,092

Total Expenses

$1,424

Mortgage P&I

73%

$796

Property Taxes

5%

$51

Home Insurance

5%

$52

HOA

0%

$0

Property Management

15%

$164

CapEx

4%

$44

Vacancy

0%

$0

Maintenance

4%

$44

Other

25%

$273

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