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119 Fairmont St #3, Clover, SC 29710

3 beds • 2 baths • 1336 sqft

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This property looks like a bad Airbnb investment with a projected -7.91% first-year return on $87,552 initial cash invested.

-7.91%

Cash On Cash

4.54%

Cap Rate

0.73

DSCR

$2,713

Rent

-$577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,713 income − $3,290 expenses = $577 out of pocket

Income$2,713Out of Pocket$577Mortgage P&I$1,72263%Property Taxes$1485%Insurance$1174%Management$40715%CapEx$1094%Maintenance$1094%Other$67825%

Investment Breakdown

|

Purchase Price

$331k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,552

Downpayment

20%

$66,240

Closing costs

1%

$3,312

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,713

Total Expenses

$3,290

Mortgage P&I

63%

$1,722

Property Taxes

5%

$148

Home Insurance

4%

$117

HOA

0%

$0

Property Management

15%

$407

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$678

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