REI Lense

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$1,713 (target)

1510 Cornett St, Somerset, KY 42501

3 beds • 2 baths • 1280 sqft

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This property might be a fair Mid-Term investment with a projected 8.28% first-year return on $46,350 initial cash invested.

8.28%

Cash On Cash

9.93%

Cap Rate

1.53

DSCR

$1,713

Rent

$320

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,713 income − $1,393 expenses = $320 cash flow

Income$1,713Mortgage P&I$72842%Property Taxes$352%Insurance$473%Management$20612%CapEx$694%Vacancy$513%Maintenance$694%Other$18811%Cash Flow$320

Investment Breakdown

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Purchase Price

$135k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,350

Downpayment

20%

$27,000

Closing costs

1%

$1,350

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$1,713

Total Expenses

$1,393

Mortgage P&I

43%

$728

Property Taxes

2%

$35

Home Insurance

3%

$47

HOA

0%

$0

Property Management

12%

$206

CapEx

4%

$69

Vacancy

3%

$51

Maintenance

4%

$69

Other

11%

$188

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