REI Lense

REI Lense

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$1,545 (target)

1018 Cardinal Dr, Corbin, KY 40701

3 beds • 2 baths • 1970 sqft

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This property looks like a bad Long-Term investment with a projected -6.76% first-year return on $47,250 initial cash invested.

-6.76%

Cash On Cash

5.54%

Cap Rate

0.85

DSCR

$1,545

Rent

-$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,545 income − $1,811 expenses = $266 out of pocket

Income$1,545Out of Pocket$266Mortgage P&I$1,22879%Property Taxes$1037%Insurance$795%Management$15410%CapEx$775%Vacancy$936%Maintenance$775%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,545

Total Expenses

$1,811

Mortgage P&I

79%

$1,228

Property Taxes

7%

$103

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$93

Maintenance

5%

$77

Other

0%

$0

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