REI Lense

REI Lense

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$2,111 (target)

671 Mauney Chapel Rd, Corbin, KY 40701

3 beds • 2 baths • 1865 sqft

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This property looks like a bad Long-Term investment with a projected -12.56% first-year return on $87,150 initial cash invested.

-12.56%

Cash On Cash

3.74%

Cap Rate

0.62

DSCR

$2,111

Rent

-$912

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,111 income − $3,023 expenses = $912 out of pocket

Income$2,111Out of Pocket$912Mortgage P&I$2,09899%Property Taxes$21010%Insurance$1457%HOA$201%Management$21110%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,150

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,111

Total Expenses

$3,023

Mortgage P&I

99%

$2,098

Property Taxes

10%

$210

Home Insurance

7%

$145

HOA

1%

$20

Property Management

10%

$211

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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