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2816 Olde Mill Rd, Florence, SC 29505

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Airbnb investment with a projected -12.29% first-year return on $85,074 initial cash invested.

-12.29%

Cash On Cash

3.05%

Cap Rate

0.51

DSCR

$2,505

Rent

-$871

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,505 income − $3,376 expenses = $871 out of pocket

Income$2,505Out of Pocket$871Mortgage P&I$1,58263%Property Taxes$47819%Insurance$1145%Management$37615%CapEx$1004%Maintenance$1004%Other$62625%

Investment Breakdown

|

Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,074

Downpayment

20%

$63,880

Closing costs

1%

$3,194

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,505

Total Expenses

$3,376

Mortgage P&I

63%

$1,582

Property Taxes

19%

$478

Home Insurance

5%

$114

HOA

0%

$0

Property Management

15%

$376

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$626

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