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402 Woodley Rd, Spartanburg, SC 29306

3 beds • 2 baths • 2273 sqft

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This property looks like a bad Airbnb investment with a projected -3.3% first-year return on $77,829 initial cash invested.

-3.3%

Cash On Cash

5.47%

Cap Rate

0.93

DSCR

$2,752

Rent

-$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,752 income − $2,966 expenses = $214 out of pocket

Income$2,752Out of Pocket$214Mortgage P&I$1,40351%Property Taxes$1425%Insurance$1004%Management$41315%CapEx$1104%Maintenance$1104%Other$68825%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,752

Total Expenses

$2,966

Mortgage P&I

51%

$1,403

Property Taxes

5%

$142

Home Insurance

4%

$100

HOA

0%

$0

Property Management

15%

$413

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$688

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