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4 Cedarcrest Ct, Simpsonville, SC 29680

3 beds • 2 baths • 2275 sqft

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This property looks like a bad Airbnb investment with a projected -11.61% first-year return on $108k initial cash invested.

-11.61%

Cash On Cash

3.36%

Cap Rate

0.56

DSCR

$2,591

Rent

-$1,042

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,591 income − $3,633 expenses = $1,042 out of pocket

Income$2,591Out of Pocket$1,042Mortgage P&I$2,13382%Property Taxes$1034%Insurance$1526%Management$38915%CapEx$1044%Maintenance$1044%Other$64825%

Investment Breakdown

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Purchase Price

$427k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,460

Closing costs

1%

$4,273

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,591

Total Expenses

$3,633

Mortgage P&I

82%

$2,133

Property Taxes

4%

$103

Home Insurance

6%

$152

HOA

0%

$0

Property Management

15%

$389

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$648

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