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301 E Richardson Ave, Summerville, SC 29483

6 beds • 5 baths • 3602 sqft

$1,214,500

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This property looks like a bad Airbnb investment with a projected -17.47% first-year return on $291k initial cash invested.

-17.47%

Cash On Cash

1.98%

Cap Rate

0.33

DSCR

$5,422

Rent

-$4,238

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,422 income − $9,660 expenses = $4,238 out of pocket

Income$5,422Out of Pocket$4,238Mortgage P&I$6,022111%Property Taxes$59611%Insurance$4398%Management$81315%CapEx$2174%Maintenance$2174%Other$1,35625%

Investment Breakdown

|

Purchase Price

$1215k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$291k

Downpayment

20%

$243k

Closing costs

1%

$12,145

Rehab

0%

$0

Furnishing

3%

$36,000

Cashflow

Total Income

$5,422

Total Expenses

$9,660

Mortgage P&I

111%

$6,022

Property Taxes

11%

$596

Home Insurance

8%

$439

HOA

0%

$0

Property Management

15%

$813

CapEx

4%

$217

Vacancy

0%

$0

Maintenance

4%

$217

Other

25%

$1,356

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