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590 Cherry Hill Rd, Spartanburg, SC 29307

3 beds • 2 baths • 1581 sqft

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This property looks like a bad Airbnb investment with a projected -0.72% first-year return on $65,145 initial cash invested.

-0.72%

Cash On Cash

6.63%

Cap Rate

1.05

DSCR

$2,504

Rent

-$39

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,504 income − $2,543 expenses = $39 out of pocket

Income$2,504Out of Pocket$39Mortgage P&I$1,18047%Property Taxes$813%Insurance$803%Management$37615%CapEx$1004%Maintenance$1004%Other$62625%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,145

Downpayment

20%

$44,900

Closing costs

1%

$2,245

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,504

Total Expenses

$2,543

Mortgage P&I

47%

$1,180

Property Taxes

3%

$81

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$376

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$626

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