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6 Lakeway Pl, Simpsonville, SC 29681

3 beds • 3 baths • 3104 sqft

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This property looks like a bad Airbnb investment with a projected -20.09% first-year return on $165k initial cash invested.

-20.09%

Cash On Cash

1.45%

Cap Rate

0.24

DSCR

$2,399

Rent

-$2,758

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,399 income − $5,157 expenses = $2,758 out of pocket

Income$2,399Out of Pocket$2,758Mortgage P&I$3,505146%Property Taxes$2089%Insurance$25411%HOA$382%Management$36015%CapEx$964%Maintenance$964%Other$60025%

Investment Breakdown

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Purchase Price

$699k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$165k

Downpayment

20%

$140k

Closing costs

1%

$6,987

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,399

Total Expenses

$5,157

Mortgage P&I

146%

$3,505

Property Taxes

9%

$208

Home Insurance

11%

$254

HOA

2%

$38

Property Management

15%

$360

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$600

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