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1017 Harness Trl, Simpsonville, SC 29681

3 beds • 3 baths • 2074 sqft

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This property looks like a bad Airbnb investment with a projected -9.23% first-year return on $109k initial cash invested.

-9.23%

Cash On Cash

3.83%

Cap Rate

0.66

DSCR

$2,969

Rent

-$842

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,969 income − $3,811 expenses = $842 out of pocket

Income$2,969Out of Pocket$842Mortgage P&I$2,11171%Property Taxes$1174%Insurance$1585%Management$44515%CapEx$1194%Maintenance$1194%Other$74225%

Investment Breakdown

|

Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$87,080

Closing costs

1%

$4,354

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,969

Total Expenses

$3,811

Mortgage P&I

71%

$2,111

Property Taxes

4%

$117

Home Insurance

5%

$158

HOA

0%

$0

Property Management

15%

$445

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$742

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