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202 Ridgecrest Ct, Simpsonville, SC 29680

3 beds • 4 baths • 4100 sqft

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This property looks like a bad Airbnb investment with a projected -10.36% first-year return on $111k initial cash invested.

-10.36%

Cash On Cash

3.85%

Cap Rate

0.63

DSCR

$3,031

Rent

-$961

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,031 income − $3,992 expenses = $961 out of pocket

Income$3,031Out of Pocket$961Mortgage P&I$2,26675%Property Taxes$1144%Insurance$1575%Management$45515%CapEx$1214%Maintenance$1214%Other$75825%

Investment Breakdown

|

Purchase Price

$444k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,840

Closing costs

1%

$4,442

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,031

Total Expenses

$3,992

Mortgage P&I

75%

$2,266

Property Taxes

4%

$114

Home Insurance

5%

$157

HOA

0%

$0

Property Management

15%

$455

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$758

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