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812 Myrtle St NE, Atlanta, GA 30308

3 beds • 4 baths • 2576 sqft

$1,202,500

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This property looks like a bad Airbnb investment with a projected -22.68% first-year return on $271k initial cash invested.

-22.68%

Cash On Cash

1.05%

Cap Rate

0.18

DSCR

$4,642

Rent

-$5,114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1203k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$271k

Downpayment

20%

$241k

Closing costs

1%

$12,025

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,642

Total Expenses

$9,756

Mortgage P&I

129%

$5,982

Property Taxes

24%

$1,108

Home Insurance

9%

$438

HOA

0%

$0

Property Management

15%

$696

CapEx

4%

$186

Vacancy

0%

$0

Maintenance

4%

$186

Other

25%

$1,160

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Castle House with a Rooftop View of Atlanta

$6,827

$522

3

4

0.69 mi

Stunning Home near Piedmont Pk, Mercedes-Benz, etc

$7,521

$575

3

3.5

0.2 mi

The Midtown Duo

$4,931

$377

3

3.5

0.53 mi

Kingdom House; rooftop with City/Skyline View

$6,736

$515

3

3.5

0.63 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 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

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

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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