REI Lense

REI Lense

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$1,487 (target)

1507 Melody Ln, Louisville, KY 40214

3 beds • 2 baths • 1356 sqft

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This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $46,137 initial cash invested.

-8.82%

Cash On Cash

5.14%

Cap Rate

0.78

DSCR

$1,487

Rent

-$339

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,487 income − $1,826 expenses = $339 out of pocket

Income$1,487Out of Pocket$339Mortgage P&I$1,20681%Property Taxes$15610%Insurance$785%Management$14910%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,137

Downpayment

20%

$43,940

Closing costs

1%

$2,197

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,487

Total Expenses

$1,826

Mortgage P&I

81%

$1,206

Property Taxes

10%

$156

Home Insurance

5%

$78

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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