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5143 Floyd St NE, Covington, GA 30014

3 beds • 2 baths • 2109 sqft

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This property looks like a bad Airbnb investment with a projected -8.26% first-year return on $113k initial cash invested.

-8.26%

Cash On Cash

4.25%

Cap Rate

0.71

DSCR

$3,342

Rent

-$778

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,342 income − $4,120 expenses = $778 out of pocket

Income$3,342Out of Pocket$778Mortgage P&I$2,24767%Property Taxes$1053%Insurance$1635%Management$50115%CapEx$1344%Maintenance$1344%Other$83625%

Investment Breakdown

|

Purchase Price

$453k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,560

Closing costs

1%

$4,528

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,342

Total Expenses

$4,120

Mortgage P&I

67%

$2,247

Property Taxes

3%

$105

Home Insurance

5%

$163

HOA

0%

$0

Property Management

15%

$501

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$836

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