REI Lense

REI Lense

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$1,503 (target)

1303 Lucas Ave, Louisville, KY 40213

3 beds • 2 baths • 1936 sqft

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This property looks like a bad Long-Term investment with a projected -9.49% first-year return on $52,248 initial cash invested.

-9.49%

Cash On Cash

4.57%

Cap Rate

0.74

DSCR

$1,503

Rent

-$413

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,503 income − $1,916 expenses = $413 out of pocket

Income$1,503Out of Pocket$413Mortgage P&I$1,28686%Property Taxes$15010%Insurance$906%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,248

Downpayment

20%

$49,760

Closing costs

1%

$2,488

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,503

Total Expenses

$1,916

Mortgage P&I

86%

$1,286

Property Taxes

10%

$150

Home Insurance

6%

$90

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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