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860 Thackston Dr, Spartanburg, SC 29307

3 beds • 3 baths • 1940 sqft

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This property looks like a bad Airbnb investment with a projected -22.95% first-year return on $83,835 initial cash invested.

-22.95%

Cash On Cash

-0.12%

Cap Rate

-0.02

DSCR

$438

Rent

-$1,603

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$438 income − $2,041 expenses = $1,603 out of pocket

Income$438Out of Pocket$1,603Mortgage P&I$1,554355%Property Taxes$16437%Insurance$11125%Management$6615%CapEx$184%Maintenance$184%Other$11025%

Investment Breakdown

|

Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,835

Downpayment

20%

$62,700

Closing costs

1%

$3,135

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$438

Total Expenses

$2,041

Mortgage P&I

355%

$1,554

Property Taxes

37%

$164

Home Insurance

25%

$111

HOA

0%

$0

Property Management

15%

$66

CapEx

4%

$18

Vacancy

0%

$0

Maintenance

4%

$18

Other

25%

$110

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