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7003 Glass Ct, Spartanburg, SC 29307

3 beds • 2 baths • 1648 sqft

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This property looks like a bad Airbnb investment with a projected -14.36% first-year return on $82,722 initial cash invested.

-14.36%

Cash On Cash

2.45%

Cap Rate

0.41

DSCR

$1,789

Rent

-$990

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,789 income − $2,779 expenses = $990 out of pocket

Income$1,789Out of Pocket$990Mortgage P&I$1,54887%Property Taxes$21912%Insurance$1086%HOA$453%Management$26815%CapEx$724%Maintenance$724%Other$44725%

Investment Breakdown

|

Purchase Price

$308k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,722

Downpayment

20%

$61,640

Closing costs

1%

$3,082

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,789

Total Expenses

$2,779

Mortgage P&I

87%

$1,548

Property Taxes

12%

$219

Home Insurance

6%

$108

HOA

3%

$45

Property Management

15%

$268

CapEx

4%

$72

Vacancy

0%

$0

Maintenance

4%

$72

Other

25%

$447

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