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518 Heritage Dr, Ringgold, GA 30736

3 beds • 3 baths • 2419 sqft

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This property looks like a bad Airbnb investment with a projected -19.93% first-year return on $142k initial cash invested.

-19.93%

Cash On Cash

1.39%

Cap Rate

0.23

DSCR

$2,211

Rent

-$2,353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,211 income − $4,564 expenses = $2,353 out of pocket

Income$2,211Out of Pocket$2,353Mortgage P&I$2,949133%Property Taxes$34816%Insurance$2069%Management$33215%CapEx$884%Maintenance$884%Other$55325%

Investment Breakdown

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Purchase Price

$589k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,890

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,211

Total Expenses

$4,564

Mortgage P&I

133%

$2,949

Property Taxes

16%

$348

Home Insurance

9%

$206

HOA

0%

$0

Property Management

15%

$332

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$553

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