REI Lense

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$2,061 (target)

10604 Melchester Pl, Louisville, KY 40241

3 beds • 2 baths • 1621 sqft

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This property looks like a bad Long-Term investment with a projected -9.18% first-year return on $70,161 initial cash invested.

-9.18%

Cash On Cash

4.53%

Cap Rate

0.74

DSCR

$2,061

Rent

-$537

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,061 income − $2,598 expenses = $537 out of pocket

Income$2,061Out of Pocket$537Mortgage P&I$1,69682%Property Taxes$20710%Insurance$1196%HOA$402%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$334k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,161

Downpayment

20%

$66,820

Closing costs

1%

$3,341

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,061

Total Expenses

$2,598

Mortgage P&I

82%

$1,696

Property Taxes

10%

$207

Home Insurance

6%

$119

HOA

2%

$40

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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