REI Lense

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$2,109 (target)

1029 Cardinal Dr, Corbin, KY 40701

3 beds • 2 baths • 1300 sqft

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This property might be a fair Mid-Term investment with a projected 5.24% first-year return on $57,690 initial cash invested.

5.24%

Cash On Cash

8.52%

Cap Rate

1.33

DSCR

$2,109

Rent

$252

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,109 income − $1,857 expenses = $252 cash flow

Income$2,109Mortgage P&I$1,00648%Property Taxes$693%Insurance$663%Management$25312%CapEx$844%Vacancy$633%Maintenance$844%Other$23211%Cash Flow$252

Investment Breakdown

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Purchase Price

$189k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,690

Downpayment

20%

$37,800

Closing costs

1%

$1,890

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,109

Total Expenses

$1,857

Mortgage P&I

48%

$1,006

Property Taxes

3%

$69

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$253

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$232

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