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2024 Edwards Lake Rd, Greer, SC 29651

3 beds • 2 baths • 1880 sqft

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This property looks like a bad Airbnb investment with a projected -10.29% first-year return on $105k initial cash invested.

-10.29%

Cash On Cash

3.74%

Cap Rate

0.62

DSCR

$2,841

Rent

-$902

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,841 income − $3,743 expenses = $902 out of pocket

Income$2,841Out of Pocket$902Mortgage P&I$2,08273%Property Taxes$1525%Insurance$1455%Management$42615%CapEx$1144%Maintenance$1144%Other$71025%

Investment Breakdown

|

Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,841

Total Expenses

$3,743

Mortgage P&I

73%

$2,082

Property Taxes

5%

$152

Home Insurance

5%

$145

HOA

0%

$0

Property Management

15%

$426

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$710

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