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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 -7.44% first-year return on $67,098 initial cash invested.

-7.44%

Cash On Cash

4.85%

Cap Rate

0.74

DSCR

$1,920

Rent

-$416

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,920 income − $2,336 expenses = $416 out of pocket

Income$1,920Out of Pocket$416Mortgage P&I$1,28367%Property Taxes$472%Insurance$844%Management$28815%CapEx$774%Maintenance$774%Other$48025%

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

$1,920

Total Expenses

$2,336

Mortgage P&I

67%

$1,283

Property Taxes

2%

$47

Home Insurance

4%

$84

HOA

0%

$0

Property Management

15%

$288

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$480

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