REI Lense

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$3,230 (target)

3836 Merridew Way, Lexington, KY 40514

3 beds • 4 baths • 2399 sqft

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This property looks like a bad Mid-Term investment with a projected -7.2% first-year return on $106k initial cash invested.

-7.2%

Cash On Cash

5.39%

Cap Rate

0.79

DSCR

$3,230

Rent

-$634

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,230 income − $3,864 expenses = $634 out of pocket

Income$3,230Out of Pocket$634Mortgage P&I$2,37974%Property Taxes$2317%Insurance$1525%HOA$4Management$38812%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,500

Closing costs

1%

$4,175

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,230

Total Expenses

$3,864

Mortgage P&I

74%

$2,379

Property Taxes

7%

$231

Home Insurance

5%

$152

HOA

0%

$4

Property Management

12%

$388

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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