REI Lense

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$1,438 (target)

2029 Barton Mill Rd, Corbin, KY 40701

3 beds • 2 baths • 1497 sqft

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This property looks like a bad Long-Term investment with a projected -9.94% first-year return on $60,270 initial cash invested.

-9.94%

Cash On Cash

4.28%

Cap Rate

0.71

DSCR

$1,438

Rent

-$499

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,438 income − $1,937 expenses = $499 out of pocket

Income$1,438Out of Pocket$499Mortgage P&I$1,451101%Property Taxes$121%Insurance$1007%Management$14410%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

|

Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,270

Downpayment

20%

$57,400

Closing costs

1%

$2,870

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,438

Total Expenses

$1,937

Mortgage P&I

101%

$1,451

Property Taxes

1%

$12

Home Insurance

7%

$100

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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