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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 0.72% first-year return on $65,334 initial cash invested.

0.72%

Cash On Cash

7.05%

Cap Rate

1.12

DSCR

$2,712

Rent

$39

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,712 income − $2,673 expenses = $39 cash flow

Income$2,712Mortgage P&I$1,17743%Property Taxes$1154%Insurance$803%Management$40715%CapEx$1084%Maintenance$1084%Other$67825%Cash Flow$39

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

$2,712

Total Expenses

$2,673

Mortgage P&I

43%

$1,177

Property Taxes

4%

$115

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$407

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$678

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