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506 Fernwood Dr, Spartanburg, SC 29307

3 beds • 3 baths • 1854 sqft

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This property looks like a bad Airbnb investment with a projected -1.53% first-year return on $79,824 initial cash invested.

-1.53%

Cash On Cash

5.88%

Cap Rate

1.02

DSCR

$3,116

Rent

-$102

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$3,116

Total Expenses

$3,218

Mortgage P&I

46%

$1,420

Property Taxes

6%

$197

Home Insurance

3%

$105

HOA

0%

$0

Property Management

15%

$467

CapEx

4%

$125

Vacancy

0%

$0

Maintenance

4%

$125

Other

25%

$779

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