REI Lense

REI Lense

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$1,406 (target)

1029 Cardinal Dr, Corbin, KY 40701

3 beds • 2 baths • 1300 sqft

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This property looks like a bad Long-Term investment with a projected -3.02% first-year return on $39,690 initial cash invested.

-3.02%

Cash On Cash

6.2%

Cap Rate

0.97

DSCR

$1,406

Rent

-$100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,406 income − $1,506 expenses = $100 out of pocket

Income$1,406Out of Pocket$100Mortgage P&I$1,00672%Property Taxes$695%Insurance$665%Management$14110%CapEx$705%Vacancy$846%Maintenance$705%

Investment Breakdown

|

Purchase Price

$189k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,690

Downpayment

20%

$37,800

Closing costs

1%

$1,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,406

Total Expenses

$1,506

Mortgage P&I

72%

$1,006

Property Taxes

5%

$69

Home Insurance

5%

$66

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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