REI Lense

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$2,318 (target)

1018 Cardinal Dr, Corbin, KY 40701

3 beds • 2 baths • 1970 sqft

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This property might be a fair Mid-Term investment with a projected 2.19% first-year return on $65,250 initial cash invested.

2.19%

Cash On Cash

7.68%

Cap Rate

1.17

DSCR

$2,318

Rent

$119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,318 income − $2,199 expenses = $119 cash flow

Income$2,318Mortgage P&I$1,22853%Property Taxes$1034%Insurance$793%Management$27812%CapEx$934%Vacancy$703%Maintenance$934%Other$25511%Cash Flow$119

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,318

Total Expenses

$2,199

Mortgage P&I

53%

$1,228

Property Taxes

4%

$103

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$255

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