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2206 Vera Way, Longs, SC 29568

3 beds • 3 baths • 2626 sqft

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This property looks like a bad Airbnb investment with a projected -23.06% first-year return on $159k initial cash invested.

-23.06%

Cash On Cash

0.74%

Cap Rate

0.12

DSCR

$2,129

Rent

-$3,048

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,129 income − $5,177 expenses = $3,048 out of pocket

Income$2,129Out of Pocket$3,048Mortgage P&I$3,374158%Property Taxes$2019%Insurance$23411%HOA$34716%Management$31915%CapEx$854%Maintenance$854%Other$53225%

Investment Breakdown

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Purchase Price

$670k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$159k

Downpayment

20%

$134k

Closing costs

1%

$6,695

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,129

Total Expenses

$5,177

Mortgage P&I

158%

$3,374

Property Taxes

9%

$201

Home Insurance

11%

$234

HOA

16%

$347

Property Management

15%

$319

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$532

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