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4113 Summers St SW, Covington, GA 30014

3 beds • 3 baths • 1710 sqft

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This property looks like a bad Airbnb investment with a projected -3.61% first-year return on $85,977 initial cash invested.

-3.61%

Cash On Cash

5.59%

Cap Rate

0.93

DSCR

$3,703

Rent

-$259

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,703 income − $3,962 expenses = $259 out of pocket

Income$3,703Out of Pocket$259Mortgage P&I$1,62044%Property Taxes$3349%Insurance$1494%HOA$822%Management$55515%CapEx$1484%Maintenance$1484%Other$92625%

Investment Breakdown

|

Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,977

Downpayment

20%

$64,740

Closing costs

1%

$3,237

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,703

Total Expenses

$3,962

Mortgage P&I

44%

$1,620

Property Taxes

9%

$334

Home Insurance

4%

$149

HOA

2%

$82

Property Management

15%

$555

CapEx

4%

$148

Vacancy

0%

$0

Maintenance

4%

$148

Other

25%

$926

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