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608 Ware St, Waycross, GA 31503

3 beds • 2 baths • 2605 sqft

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This property looks like a bad Airbnb investment with a projected -6.15% first-year return on $67,098 initial cash invested.

-6.15%

Cash On Cash

5.24%

Cap Rate

0.8

DSCR

$2,056

Rent

-$344

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,056 income − $2,400 expenses = $344 out of pocket

Income$2,056Out of Pocket$344Mortgage P&I$1,28362%Property Taxes$472%Insurance$844%Management$30815%CapEx$824%Maintenance$824%Other$51425%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,098

Downpayment

20%

$46,760

Closing costs

1%

$2,338

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,056

Total Expenses

$2,400

Mortgage P&I

62%

$1,283

Property Taxes

2%

$47

Home Insurance

4%

$84

HOA

0%

$0

Property Management

15%

$308

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$514

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