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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 -10.95% first-year return on $131k initial cash invested.

-10.95%

Cash On Cash

3.58%

Cap Rate

0.6

DSCR

$3,386

Rent

-$1,199

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,386 income − $4,585 expenses = $1,199 out of pocket

Income$3,386Out of Pocket$1,199Mortgage P&I$2,67479%Property Taxes$953%Insurance$1926%Management$50815%CapEx$1354%Maintenance$1354%Other$84625%

Investment Breakdown

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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

$3,386

Total Expenses

$4,585

Mortgage P&I

79%

$2,674

Property Taxes

3%

$95

Home Insurance

6%

$192

HOA

0%

$0

Property Management

15%

$508

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$846

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