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9 Snowbird Ln, Elgin, SC 29045

3 beds • 3 baths • 2170 sqft

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This property looks like a bad Airbnb investment with a projected -5.12% first-year return on $85,830 initial cash invested.

-5.12%

Cash On Cash

4.92%

Cap Rate

0.84

DSCR

$2,802

Rent

-$366

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,802 income − $3,168 expenses = $366 out of pocket

Income$2,802Out of Pocket$366Mortgage P&I$1,57956%Property Taxes$1104%Insurance$1144%HOA$211%Management$42015%CapEx$1124%Maintenance$1124%Other$70025%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,830

Downpayment

20%

$64,600

Closing costs

1%

$3,230

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,802

Total Expenses

$3,168

Mortgage P&I

56%

$1,579

Property Taxes

4%

$110

Home Insurance

4%

$114

HOA

1%

$21

Property Management

15%

$420

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$700

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