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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 -0.46% first-year return on $65,145 initial cash invested.

-0.46%

Cash On Cash

6.71%

Cap Rate

1.06

DSCR

$2,531

Rent

-$25

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,531 income − $2,556 expenses = $25 out of pocket

Income$2,531Out of Pocket$25Mortgage P&I$1,18047%Property Taxes$813%Insurance$803%Management$38015%CapEx$1014%Maintenance$1014%Other$63325%

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

$2,531

Total Expenses

$2,556

Mortgage P&I

47%

$1,180

Property Taxes

3%

$81

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$380

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$633

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