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492 Smyrna Church Rd, Elgin, SC 29045

3 beds • 3 baths • 2864 sqft

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This property looks like a bad Airbnb investment with a projected -15.44% first-year return on $151k initial cash invested.

-15.44%

Cash On Cash

2.49%

Cap Rate

0.42

DSCR

$3,075

Rent

-$1,947

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,075 income − $5,022 expenses = $1,947 out of pocket

Income$3,075Out of Pocket$1,947Mortgage P&I$3,139102%Property Taxes$1856%Insurance$2227%Management$46115%CapEx$1234%Maintenance$1234%Other$76925%

Investment Breakdown

|

Purchase Price

$635k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$151k

Downpayment

20%

$127k

Closing costs

1%

$6,350

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,075

Total Expenses

$5,022

Mortgage P&I

102%

$3,139

Property Taxes

6%

$185

Home Insurance

7%

$222

HOA

0%

$0

Property Management

15%

$461

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$769

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