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111 Cannon St, Charleston, SC 29403

7 beds • 7 baths • 2811 sqft • 2 units

$3,980,000

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This property looks like a bad Airbnb investment with a projected -9.86% first-year return on $878k initial cash invested.

-9.86%

Cash On Cash

4.12%

Cap Rate

0.69

DSCR

$28,854

Rent

-$7,216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$28,854 income − $36,070 expenses = $7,216 out of pocket

Income$28,854Out of Pocket$7,216Mortgage P&I$19,73368%Property Taxes$1,0944%Insurance$1,3935%Management$4,32815%CapEx$1,1544%Maintenance$1,1544%Other$7,21425%

Investment Breakdown

|

Purchase Price

$3980k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$878k

Downpayment

20%

$796k

Closing costs

1%

$39,800

Rehab

0%

$0

Furnishing

1%

$42,000

Cashflow

Total Income

$28,854

Total Expenses

$36,070

Mortgage P&I

68%

$19,733

Property Taxes

4%

$1,094

Home Insurance

5%

$1,393

HOA

0%

$0

Property Management

15%

$4,328

CapEx

4%

$1,154

Vacancy

0%

$0

Maintenance

4%

$1,154

Other

25%

$7,214

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