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227 Farm Rd, Goose Creek, SC 29445

3 beds • 2 baths • 1320 sqft

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This property looks like a bad Airbnb investment with a projected -1.97% first-year return on $82,050 initial cash invested.

-1.97%

Cash On Cash

5.95%

Cap Rate

0.99

DSCR

$2,981

Rent

-$135

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,981 income − $3,116 expenses = $135 out of pocket

Income$2,981Out of Pocket$135Mortgage P&I$1,52951%Property Taxes$502%Insurance$1074%Management$44715%CapEx$1194%Maintenance$1194%Other$74525%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,981

Total Expenses

$3,116

Mortgage P&I

51%

$1,529

Property Taxes

2%

$50

Home Insurance

4%

$107

HOA

0%

$0

Property Management

15%

$447

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$745

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Convenient 3-Bedroom Home with Patio

$2,867

$145

3

1.5

0.21 mi

Sensational 3br 2.5 Bath Southern Hideaway

$3,717

$188

3

2.5

0.33 mi

Goose Creek Retreat

$3,816

$193

3

2.5

0.34 mi

Fenced Yard + Navy Base/Hospital

$3,895

$197

3

2.5

0.41 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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