REI Lense

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$1,920 (target)

298 Combs Ave, Corbin, KY 40701

3 beds • 2 baths • 1792 sqft

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This property might be a fair Mid-Term investment with a projected 9.43% first-year return on $49,479 initial cash invested.

9.43%

Cash On Cash

10.32%

Cap Rate

1.57

DSCR

$1,920

Rent

$389

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,920 income − $1,531 expenses = $389 cash flow

Income$1,920Mortgage P&I$82343%Property Taxes$3Insurance$523%Management$23012%CapEx$774%Vacancy$583%Maintenance$774%Other$21111%Cash Flow$389

Investment Breakdown

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Purchase Price

$150k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,920

Total Expenses

$1,531

Mortgage P&I

43%

$823

Property Taxes

0%

$3

Home Insurance

3%

$52

HOA

0%

$0

Property Management

12%

$230

CapEx

4%

$77

Vacancy

3%

$58

Maintenance

4%

$77

Other

11%

$211

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