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106 Hancock Ave, Spartanburg, SC 29302

3 beds • 2 baths • 1538 sqft

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This property looks like a bad Airbnb investment with a projected -0.09% first-year return on $66,279 initial cash invested.

-0.09%

Cash On Cash

6.63%

Cap Rate

1.09

DSCR

$2,694

Rent

-$5

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,694 income − $2,699 expenses = $5 out of pocket

Income$2,694Out of Pocket$5Mortgage P&I$1,16743%Property Taxes$1586%Insurance$803%Management$40415%CapEx$1084%Maintenance$1084%Other$67425%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,694

Total Expenses

$2,699

Mortgage P&I

43%

$1,167

Property Taxes

6%

$158

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$404

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$674

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