REI Lense

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$2,454 (target)

403 Wallace Ct, Richmond, KY 40475

3 beds • 2 baths • 1553 sqft

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This property might be a fair Mid-Term investment with a projected 6.46% first-year return on $60,210 initial cash invested.

6.46%

Cash On Cash

9.09%

Cap Rate

1.38

DSCR

$2,454

Rent

$324

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,454 income − $2,130 expenses = $324 cash flow

Income$2,454Mortgage P&I$1,10045%Property Taxes$1235%Insurance$733%Management$29412%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%Cash Flow$324

Investment Breakdown

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Purchase Price

$201k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,210

Downpayment

20%

$40,200

Closing costs

1%

$2,010

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,454

Total Expenses

$2,130

Mortgage P&I

45%

$1,100

Property Taxes

5%

$123

Home Insurance

3%

$73

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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