REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,957 (target)

7003 Glass Ct, Spartanburg, SC 29307

3 beds • 2 baths • 1648 sqft

Email

This property looks like a bad Long-Term investment with a projected -8.75% first-year return on $64,722 initial cash invested.

-8.75%

Cash On Cash

4.57%

Cap Rate

0.76

DSCR

$1,957

Rent

-$472

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,957 income − $2,429 expenses = $472 out of pocket

Income$1,957Out of Pocket$472Mortgage P&I$1,54879%Property Taxes$21911%Insurance$1086%HOA$452%Management$19610%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$308k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,722

Downpayment

20%

$61,640

Closing costs

1%

$3,082

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,957

Total Expenses

$2,429

Mortgage P&I

79%

$1,548

Property Taxes

11%

$219

Home Insurance

6%

$108

HOA

2%

$45

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis