REI Lense

REI Lense

$1,822 (target)

2023 Hays Smiths Grove Rd, Smiths Grove, KY 42171

3 beds • 2 baths • 1620 sqft

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This property might be a fair Long-Term investment with a projected 3.22% first-year return on $40,614 initial cash invested.

3.22%

Cash On Cash

7.98%

Cap Rate

1.18

DSCR

$1,822

Rent

$109

Cashflow

Cash Flow

$1,822 income − $1,713 expenses = $109 cash flow

Income$1,822P&I$1,08660%Taxes$845%Insurance$704%Mgmt$18210%CapEx$915%Vacancy$1096%Maint.$915%Cash Flow$109

Investment Breakdown

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Purchase Price

$193k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,614

Downpayment

20%

$38,680

Closing costs

1%

$1,934

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,822

Total Expenses

$1,713

Mortgage P&I

60%

$1,086

Property Taxes

5%

$84

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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