REI Lense

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$3,021 (target)

322 Spring Cut Cir, Corbin, KY 40701

3 beds • 3 baths • 1678 sqft

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This property might be a fair Mid-Term investment with a projected 8.33% first-year return on $72,054 initial cash invested.

8.33%

Cash On Cash

8.98%

Cap Rate

1.48

DSCR

$3,021

Rent

$500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,021 income − $2,521 expenses = $500 cash flow

Income$3,021Mortgage P&I$1,30643%Property Taxes$933%Insurance$943%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%Cash Flow$500

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,054

Downpayment

20%

$51,480

Closing costs

1%

$2,574

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,021

Total Expenses

$2,521

Mortgage P&I

43%

$1,306

Property Taxes

3%

$93

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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