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821 N Palmetto St, Summerville, SC 29483

3 beds • 2 baths • 1562 sqft

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This property looks like a bad Airbnb investment with a projected -4.26% first-year return on $95,469 initial cash invested.

-4.26%

Cash On Cash

5.23%

Cap Rate

0.89

DSCR

$3,422

Rent

-$339

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,469

Downpayment

20%

$73,780

Closing costs

1%

$3,689

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,422

Total Expenses

$3,761

Mortgage P&I

53%

$1,809

Property Taxes

5%

$178

Home Insurance

4%

$131

HOA

0%

$0

Property Management

15%

$513

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$856

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Comparable Property

Rent

ADR

Beds

Baths

Distance

2 King bed 2 Bath*AZALEAS* Downtown Summerville

$6,947

$251

2

2

0.29 mi

Heart of Summerville 4bds/2baths

$5,287

$191

4

2

0.53 mi

Suites Ville at Main Street

$3,266

$118

4

3

0.23 mi

30+Day Super Clean Cottage NO Smoking NO Pets

$2,408

$87

2

1

0.3 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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