REI Lense

REI Lense

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$1,636 (target)

403 Wallace Ct, Richmond, KY 40475

3 beds • 2 baths • 1553 sqft

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This property looks like a bad Long-Term investment with a projected -2.44% first-year return on $42,210 initial cash invested.

-2.44%

Cash On Cash

6.54%

Cap Rate

1

DSCR

$1,636

Rent

-$86

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,636 income − $1,722 expenses = $86 out of pocket

Income$1,636Out of Pocket$86Mortgage P&I$1,10067%Property Taxes$1238%Insurance$734%Management$16410%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$201k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,210

Downpayment

20%

$40,200

Closing costs

1%

$2,010

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,636

Total Expenses

$1,722

Mortgage P&I

67%

$1,100

Property Taxes

8%

$123

Home Insurance

4%

$73

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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