REI Lense

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$2,613 (target)

106 Cornelison Rd, Richmond, KY 40475

3 beds • 2 baths • 2108 sqft

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This property looks like a bad Mid-Term investment with a projected -1.08% first-year return on $84,150 initial cash invested.

-1.08%

Cash On Cash

6.11%

Cap Rate

1.02

DSCR

$2,613

Rent

-$76

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,613 income − $2,689 expenses = $76 out of pocket

Income$2,613Out of Pocket$76Mortgage P&I$1,57660%Property Taxes$1144%Insurance$1104%Management$31412%CapEx$1054%Vacancy$783%Maintenance$1054%Other$28711%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,613

Total Expenses

$2,689

Mortgage P&I

60%

$1,576

Property Taxes

4%

$114

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$78

Maintenance

4%

$105

Other

11%

$287

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