REI Lense

REI Lense

Unlock all features! Tap here to upgrade

202 Ridgecrest Ct, Simpsonville, SC 29680

3 beds • 4 baths • 4100 sqft

Email

This property looks like a bad Airbnb investment with a projected -9.86% first-year return on $111k initial cash invested.

-9.86%

Cash On Cash

3.99%

Cap Rate

0.65

DSCR

$3,121

Rent

-$914

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,121 income − $4,035 expenses = $914 out of pocket

Income$3,121Out of Pocket$914Mortgage P&I$2,26673%Property Taxes$1144%Insurance$1575%Management$46815%CapEx$1254%Maintenance$1254%Other$78025%

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

$3,121

Total Expenses

$4,035

Mortgage P&I

73%

$2,266

Property Taxes

4%

$114

Home Insurance

5%

$157

HOA

0%

$0

Property Management

15%

$468

CapEx

4%

$125

Vacancy

0%

$0

Maintenance

4%

$125

Other

25%

$780

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis