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117 Rocking Chair Ln, Spartanburg, SC 29307

3 beds • 2 baths • 1030 sqft

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This property might be a fair Airbnb investment with a projected 0.11% first-year return on $65,334 initial cash invested.

0.11%

Cash On Cash

6.86%

Cap Rate

1.1

DSCR

$2,649

Rent

$6

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,649 income − $2,643 expenses = $6 cash flow

Income$2,649Mortgage P&I$1,17744%Property Taxes$1154%Insurance$803%Management$39715%CapEx$1064%Maintenance$1064%Other$66225%Cash Flow$6

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,334

Downpayment

20%

$45,080

Closing costs

1%

$2,254

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,649

Total Expenses

$2,643

Mortgage P&I

44%

$1,177

Property Taxes

4%

$115

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$397

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$662

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