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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 -11.82% first-year return on $105k initial cash invested.

-11.82%

Cash On Cash

3.32%

Cap Rate

0.55

DSCR

$2,581

Rent

-$1,036

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,581 income − $3,617 expenses = $1,036 out of pocket

Income$2,581Out of Pocket$1,036Mortgage P&I$2,08281%Property Taxes$1526%Insurance$1456%Management$38715%CapEx$1034%Maintenance$1034%Other$64525%

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

$2,581

Total Expenses

$3,617

Mortgage P&I

81%

$2,082

Property Taxes

6%

$152

Home Insurance

6%

$145

HOA

0%

$0

Property Management

15%

$387

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$645

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