REI Lense

REI Lense

$2,733 (target)

2023 Hays Smiths Grove Rd, Smiths Grove, KY 42171

3 beds • 2 baths • 1620 sqft

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This property could be a profitable Mid-Term investment with a projected 11.55% first-year return on $58,614 initial cash invested.

11.55%

Cash On Cash

10.91%

Cap Rate

1.62

DSCR

$2,733

Rent

$564

Cashflow

Cash Flow

$2,733 income − $2,169 expenses = $564 cash flow

Income$2,733P&I$1,08640%Taxes$843%Insurance$703%Mgmt$32812%CapEx$1094%Vacancy$823%Maint.$1094%Other$30111%Cash Flow$564

Investment Breakdown

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Purchase Price

$193k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,614

Downpayment

20%

$38,680

Closing costs

1%

$1,934

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,733

Total Expenses

$2,169

Mortgage P&I

40%

$1,086

Property Taxes

3%

$84

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$328

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$301

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