REI Lense

REI Lense

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$1,847 (target)

409 Summer Hill Dr, Somerset, KY 42503

3 beds • 2 baths • 1740 sqft

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This property looks like a bad Long-Term investment with a projected -8.9% first-year return on $66,192 initial cash invested.

-8.9%

Cash On Cash

4.83%

Cap Rate

0.76

DSCR

$1,847

Rent

-$491

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,847 income − $2,338 expenses = $491 out of pocket

Income$1,847Out of Pocket$491Mortgage P&I$1,66790%Property Taxes$754%Insurance$1166%Management$18510%CapEx$925%Vacancy$1116%Maintenance$925%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,192

Downpayment

20%

$63,040

Closing costs

1%

$3,152

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,847

Total Expenses

$2,338

Mortgage P&I

90%

$1,667

Property Taxes

4%

$75

Home Insurance

6%

$116

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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