REI Lense

REI Lense

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$2,816 (target)

308 Memory Ln, Richmond, KY 40475

3 beds • 2 baths • 1425 sqft

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This property looks like a bad Mid-Term investment with a projected -1.33% first-year return on $79,194 initial cash invested.

-1.33%

Cash On Cash

6.82%

Cap Rate

1.02

DSCR

$2,816

Rent

-$88

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,816 income − $2,904 expenses = $88 out of pocket

Income$2,816Out of Pocket$88Mortgage P&I$1,63058%Property Taxes$2027%Insurance$1044%HOA$10Management$33812%CapEx$1134%Vacancy$843%Maintenance$1134%Other$31011%

Investment Breakdown

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Purchase Price

$291k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,194

Downpayment

20%

$58,280

Closing costs

1%

$2,914

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,816

Total Expenses

$2,904

Mortgage P&I

58%

$1,630

Property Taxes

7%

$202

Home Insurance

4%

$104

HOA

0%

$10

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$84

Maintenance

4%

$113

Other

11%

$310

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