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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 -8.04% first-year return on $131k initial cash invested.

-8.04%

Cash On Cash

4.34%

Cap Rate

0.73

DSCR

$4,001

Rent

-$880

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,001 income − $4,881 expenses = $880 out of pocket

Income$4,001Out of Pocket$880Mortgage P&I$2,67467%Property Taxes$952%Insurance$1925%Management$60015%CapEx$1604%Maintenance$1604%Other$1,00025%

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

$4,001

Total Expenses

$4,881

Mortgage P&I

67%

$2,674

Property Taxes

2%

$95

Home Insurance

5%

$192

HOA

0%

$0

Property Management

15%

$600

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$1,000

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