REI Lense

REI Lense

Unlock all features! Tap here to upgrade

506 Fernwood Dr, Spartanburg, SC 29307

3 beds • 3 baths • 1854 sqft

Email

This property looks like a bad Airbnb investment with a projected -0.69% first-year return on $79,824 initial cash invested.

-0.69%

Cash On Cash

6.13%

Cap Rate

1.06

DSCR

$3,224

Rent

-$46

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,824

Downpayment

20%

$58,880

Closing costs

1%

$2,944

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,224

Total Expenses

$3,270

Mortgage P&I

44%

$1,420

Property Taxes

6%

$197

Home Insurance

3%

$105

HOA

0%

$0

Property Management

15%

$484

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$806

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis