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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 -14.19% first-year return on $83,835 initial cash invested.

-14.19%

Cash On Cash

2.4%

Cap Rate

0.4

DSCR

$1,611

Rent

-$991

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,611 income − $2,602 expenses = $991 out of pocket

Income$1,611Out of Pocket$991Mortgage P&I$1,55496%Property Taxes$16410%Insurance$1117%Management$24215%CapEx$644%Maintenance$644%Other$40325%

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

$1,611

Total Expenses

$2,602

Mortgage P&I

96%

$1,554

Property Taxes

10%

$164

Home Insurance

7%

$111

HOA

0%

$0

Property Management

15%

$242

CapEx

4%

$64

Vacancy

0%

$0

Maintenance

4%

$64

Other

25%

$403

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