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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 -14.14% first-year return on $151k initial cash invested.

-14.14%

Cash On Cash

2.82%

Cap Rate

0.47

DSCR

$3,390

Rent

-$1,784

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,390 income − $5,174 expenses = $1,784 out of pocket

Income$3,390Out of Pocket$1,784Mortgage P&I$3,13993%Property Taxes$1855%Insurance$2227%Management$50815%CapEx$1364%Maintenance$1364%Other$84825%

Investment Breakdown

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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

$3,390

Total Expenses

$5,174

Mortgage P&I

93%

$3,139

Property Taxes

5%

$185

Home Insurance

7%

$222

HOA

0%

$0

Property Management

15%

$508

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$848

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