REI Lense

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$2,230 (target)

1507 Melody Ln, Louisville, KY 40214

3 beds • 2 baths • 1356 sqft

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This property might be a fair Mid-Term investment with a projected 0.6% first-year return on $64,137 initial cash invested.

0.6%

Cash On Cash

7.25%

Cap Rate

1.1

DSCR

$2,230

Rent

$32

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,230 income − $2,198 expenses = $32 cash flow

Income$2,230Mortgage P&I$1,20654%Property Taxes$1567%Insurance$783%Management$26812%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%Cash Flow$32

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,137

Downpayment

20%

$43,940

Closing costs

1%

$2,197

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,230

Total Expenses

$2,198

Mortgage P&I

54%

$1,206

Property Taxes

7%

$156

Home Insurance

4%

$78

HOA

0%

$0

Property Management

12%

$268

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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