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243 Fairway Drive, Mc Cormick, SC 29835

3 beds • 2 baths • 2797 sqft

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This property looks like a bad Mid-Term investment with a projected -9.8% first-year return on $114k initial cash invested.

-9.8%

Cash On Cash

3.86%

Cap Rate

0.64

DSCR

$2,859

Rent

-$929

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$456k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,240

Closing costs

1%

$4,562

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,859

Total Expenses

$3,788

Mortgage P&I

80%

$2,281

Property Taxes

7%

$188

Home Insurance

6%

$168

HOA

6%

$180

Property Management

12%

$343

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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