REI Lense

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$2,592 (target)

501 Cherry St, Henderson, KY 42420

3 beds • 2 baths • 1500 sqft

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This property might be a fair Mid-Term investment with a projected 4.59% first-year return on $66,447 initial cash invested.

4.59%

Cash On Cash

8.34%

Cap Rate

1.29

DSCR

$2,592

Rent

$254

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,592 income − $2,338 expenses = $254 cash flow

Income$2,592Mortgage P&I$1,24548%Property Taxes$1436%Insurance$683%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%Cash Flow$254

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,447

Downpayment

20%

$46,140

Closing costs

1%

$2,307

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,592

Total Expenses

$2,338

Mortgage P&I

48%

$1,245

Property Taxes

6%

$143

Home Insurance

3%

$68

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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