REI Lense

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$1,462 (target)

2615 Melson Ridge Rd, Columbia, KY 42728

3 beds • 2 baths • 1539 sqft

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This property looks like a bad Mid-Term investment with a projected -8.39% first-year return on $70,479 initial cash invested.

-8.39%

Cash On Cash

4.24%

Cap Rate

0.67

DSCR

$1,462

Rent

-$493

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,462 income − $1,955 expenses = $493 out of pocket

Income$1,462Out of Pocket$493Mortgage P&I$1,31790%Property Taxes$544%Insurance$886%Management$17512%CapEx$584%Vacancy$443%Maintenance$584%Other$16111%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,462

Total Expenses

$1,955

Mortgage P&I

90%

$1,317

Property Taxes

4%

$54

Home Insurance

6%

$88

HOA

0%

$0

Property Management

12%

$175

CapEx

4%

$58

Vacancy

3%

$44

Maintenance

4%

$58

Other

11%

$161

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