REI Lense

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$2,171 (target)

1209 Melody Ln, Lexington, KY 40514

3 beds • 2 baths • 1562 sqft

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This property looks like a bad Long-Term investment with a projected -9.78% first-year return on $74,613 initial cash invested.

-9.78%

Cash On Cash

4.69%

Cap Rate

0.74

DSCR

$2,171

Rent

-$608

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,171 income − $2,779 expenses = $608 out of pocket

Income$2,171Out of Pocket$608Mortgage P&I$1,88787%Property Taxes$1999%Insurance$1286%Management$21710%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,613

Downpayment

20%

$71,060

Closing costs

1%

$3,553

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,171

Total Expenses

$2,779

Mortgage P&I

87%

$1,887

Property Taxes

9%

$199

Home Insurance

6%

$128

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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