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701 6th Ave N, Columbus, MS 39701

3 beds • 2 baths • 1670 sqft

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This property might be a fair Airbnb investment with a projected 3.22% first-year return on $51,474 initial cash invested.

3.22%

Cash On Cash

8.08%

Cap Rate

1.27

DSCR

$2,177

Rent

$138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$159k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,474

Downpayment

20%

$31,880

Closing costs

1%

$1,594

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,177

Total Expenses

$2,039

Mortgage P&I

39%

$848

Property Taxes

4%

$88

Home Insurance

3%

$58

HOA

0%

$0

Property Management

15%

$327

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$544

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Comparable Property

Rent

ADR

Beds

Baths

Distance

The Belle House-Downtown Condo in Columbus MS

$3,805

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3

2

0.35 mi

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1

0.01 mi

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3

1

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$2,500

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4

2

1.3 mi

1255 S Forest Knoll St

$1,100

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2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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