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216 Covey Ln, Lexington, SC 29073

3 beds • 2 baths • 1126 sqft

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This property looks like a bad Airbnb investment with a projected -3.33% first-year return on $63,717 initial cash invested.

-3.33%

Cash On Cash

5.86%

Cap Rate

0.93

DSCR

$2,540

Rent

-$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,540 income − $2,717 expenses = $177 out of pocket

Income$2,540Out of Pocket$177Mortgage P&I$1,13945%Property Taxes$28111%Insurance$773%Management$38115%CapEx$1024%Maintenance$1024%Other$63525%

Investment Breakdown

|

Purchase Price

$218k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,717

Downpayment

20%

$43,540

Closing costs

1%

$2,177

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,540

Total Expenses

$2,717

Mortgage P&I

45%

$1,139

Property Taxes

11%

$281

Home Insurance

3%

$77

HOA

0%

$0

Property Management

15%

$381

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$635

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