REI Lense

REI Lense

Unlock all features! Tap here to upgrade

2435 Merrill Way, Boiling Springs, SC 29316

3 beds • 2 baths • 1533 sqft

Email

This property looks like a bad Airbnb investment with a projected -4.91% first-year return on $79,215 initial cash invested.

-4.91%

Cash On Cash

5.1%

Cap Rate

0.86

DSCR

$2,969

Rent

-$324

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,969 income − $3,293 expenses = $324 out of pocket

Income$2,969Out of Pocket$324Mortgage P&I$1,44449%Property Taxes$1666%Insurance$1044%HOA$1545%Management$44515%CapEx$1194%Maintenance$1194%Other$74225%

Investment Breakdown

|

Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,215

Downpayment

20%

$58,300

Closing costs

1%

$2,915

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,969

Total Expenses

$3,293

Mortgage P&I

49%

$1,444

Property Taxes

6%

$166

Home Insurance

4%

$104

HOA

5%

$154

Property Management

15%

$445

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$742

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis