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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 -9.98% first-year return on $82,722 initial cash invested.

-9.98%

Cash On Cash

3.72%

Cap Rate

0.62

DSCR

$2,369

Rent

-$688

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,369 income − $3,057 expenses = $688 out of pocket

Income$2,369Out of Pocket$688Mortgage P&I$1,54865%Property Taxes$2199%Insurance$1085%HOA$452%Management$35515%CapEx$954%Maintenance$954%Other$59225%

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

$2,369

Total Expenses

$3,057

Mortgage P&I

65%

$1,548

Property Taxes

9%

$219

Home Insurance

5%

$108

HOA

2%

$45

Property Management

15%

$355

CapEx

4%

$95

Vacancy

0%

$0

Maintenance

4%

$95

Other

25%

$592

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