REI Lense

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$1,939 (target)

593 Mitchell Ave, Lexington, KY 40503

3 beds • 2 baths • 1490 sqft

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This property looks like a bad Long-Term investment with a projected -14.44% first-year return on $68,292 initial cash invested.

-14.44%

Cash On Cash

4.04%

Cap Rate

0.6

DSCR

$1,939

Rent

-$822

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,939 income − $2,761 expenses = $822 out of pocket

Income$1,939Out of Pocket$822Mortgage P&I$1,81994%Property Taxes$31916%Insurance$1196%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,292

Downpayment

20%

$65,040

Closing costs

1%

$3,252

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,939

Total Expenses

$2,761

Mortgage P&I

94%

$1,819

Property Taxes

16%

$319

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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