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281 Surfbird Rd, Summerville, SC 29486

3 beds • 4 baths • 2400 sqft

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This property looks like a bad Airbnb investment with a projected -18.12% first-year return on $109k initial cash invested.

-18.12%

Cash On Cash

1.6%

Cap Rate

0.27

DSCR

$1,618

Rent

-$1,651

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,618 income − $3,269 expenses = $1,651 out of pocket

Income$1,618Out of Pocket$1,651Mortgage P&I$2,166134%Property Taxes$17411%Insurance$1529%Management$24315%CapEx$654%Maintenance$654%Other$40425%

Investment Breakdown

|

Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$87,000

Closing costs

1%

$4,350

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,618

Total Expenses

$3,269

Mortgage P&I

134%

$2,166

Property Taxes

11%

$174

Home Insurance

9%

$152

HOA

0%

$0

Property Management

15%

$243

CapEx

4%

$65

Vacancy

0%

$0

Maintenance

4%

$65

Other

25%

$404

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