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3573 Locklear Ln, Mount Pleasant, SC 29466

3 beds • 3 baths • 1314 sqft

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This property looks like a bad Airbnb investment with a projected -9.12% first-year return on $131k initial cash invested.

-9.12%

Cash On Cash

4.06%

Cap Rate

0.68

DSCR

$3,773

Rent

-$999

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,773 income − $4,772 expenses = $999 out of pocket

Income$3,773Out of Pocket$999Mortgage P&I$2,67471%Property Taxes$953%Insurance$1925%Management$56615%CapEx$1514%Maintenance$1514%Other$94325%

Investment Breakdown

|

Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,399

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,773

Total Expenses

$4,772

Mortgage P&I

71%

$2,674

Property Taxes

3%

$95

Home Insurance

5%

$192

HOA

0%

$0

Property Management

15%

$566

CapEx

4%

$151

Vacancy

0%

$0

Maintenance

4%

$151

Other

25%

$943

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