REI Lense

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$1,738 (target)

306 Barton Mill Rd, Corbin, KY 40701

3 beds • 2 baths • 1564 sqft

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This property looks like a bad Long-Term investment with a projected -2.41% first-year return on $52,773 initial cash invested.

-2.41%

Cash On Cash

5.95%

Cap Rate

0.98

DSCR

$1,738

Rent

-$106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,738 income − $1,844 expenses = $106 out of pocket

Income$1,738Out of Pocket$106Mortgage P&I$1,26573%Property Taxes$362%Insurance$915%Management$17410%CapEx$875%Vacancy$1046%Maintenance$875%

Investment Breakdown

|

Purchase Price

$251k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,773

Downpayment

20%

$50,260

Closing costs

1%

$2,513

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,738

Total Expenses

$1,844

Mortgage P&I

73%

$1,265

Property Taxes

2%

$36

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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