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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 -12.21% first-year return on $108k initial cash invested.

-12.21%

Cash On Cash

3.19%

Cap Rate

0.53

DSCR

$2,483

Rent

-$1,096

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,483 income − $3,579 expenses = $1,096 out of pocket

Income$2,483Out of Pocket$1,096Mortgage P&I$2,13386%Property Taxes$1034%Insurance$1526%Management$37215%CapEx$994%Maintenance$994%Other$62125%

Investment Breakdown

|

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

$2,483

Total Expenses

$3,579

Mortgage P&I

86%

$2,133

Property Taxes

4%

$103

Home Insurance

6%

$152

HOA

0%

$0

Property Management

15%

$372

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$621

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