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2021 Wethersfield Dr, Florence, SC 29501

3 beds • 4 baths • 3155 sqft

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This property looks like a bad Airbnb investment with a projected -12.94% first-year return on $110k initial cash invested.

-12.94%

Cash On Cash

3.06%

Cap Rate

0.51

DSCR

$2,498

Rent

-$1,183

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,498 income − $3,681 expenses = $1,183 out of pocket

Income$2,498Out of Pocket$1,183Mortgage P&I$2,19688%Property Taxes$1285%Insurance$1586%Management$37515%CapEx$1004%Maintenance$1004%Other$62425%

Investment Breakdown

|

Purchase Price

$437k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,320

Closing costs

1%

$4,366

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,498

Total Expenses

$3,681

Mortgage P&I

88%

$2,196

Property Taxes

5%

$128

Home Insurance

6%

$158

HOA

0%

$0

Property Management

15%

$375

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$624

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