REI Lense

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$3,008 (target)

148 Franklin Dr, Richmond, KY 40475

3 beds • 2 baths • 2729 sqft

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This property looks like a bad Mid-Term investment with a projected -3.53% first-year return on $102k initial cash invested.

-3.53%

Cash On Cash

5.42%

Cap Rate

0.91

DSCR

$3,008

Rent

-$300

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,008 income − $3,308 expenses = $300 out of pocket

Income$3,008Out of Pocket$300Mortgage P&I$1,98366%Property Taxes$1635%Insurance$1405%Management$36112%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33111%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,900

Closing costs

1%

$3,995

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,008

Total Expenses

$3,308

Mortgage P&I

66%

$1,983

Property Taxes

5%

$163

Home Insurance

5%

$140

HOA

0%

$0

Property Management

12%

$361

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$331

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