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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 -5.3% first-year return on $77,829 initial cash invested.

-5.3%

Cash On Cash

4.88%

Cap Rate

0.83

DSCR

$2,502

Rent

-$344

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,502 income − $2,846 expenses = $344 out of pocket

Income$2,502Out of Pocket$344Mortgage P&I$1,40356%Property Taxes$1426%Insurance$1004%Management$37515%CapEx$1004%Maintenance$1004%Other$62625%

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

$2,502

Total Expenses

$2,846

Mortgage P&I

56%

$1,403

Property Taxes

6%

$142

Home Insurance

4%

$100

HOA

0%

$0

Property Management

15%

$375

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$626

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