REI Lense

REI Lense

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$2,389 (target)

422 Locust Grove Rd, Shelbyville, KY 40065

3 beds • 2 baths • 2300 sqft

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This property looks like a bad Long-Term investment with a projected -9.43% first-year return on $89,250 initial cash invested.

-9.43%

Cash On Cash

4.35%

Cap Rate

0.73

DSCR

$2,389

Rent

-$701

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,389 income − $3,090 expenses = $701 out of pocket

Income$2,389Out of Pocket$701Mortgage P&I$2,12489%Property Taxes$1978%Insurance$1496%Management$23910%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,250

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,389

Total Expenses

$3,090

Mortgage P&I

89%

$2,124

Property Taxes

8%

$197

Home Insurance

6%

$149

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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