REI Lense

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$2,652 (target)

8 Parke Dr, Richmond, KY 40475

3 beds • 2 baths • 2283 sqft

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This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $83,961 initial cash invested.

-1.8%

Cash On Cash

6.03%

Cap Rate

0.99

DSCR

$2,652

Rent

-$126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,652 income − $2,778 expenses = $126 out of pocket

Income$2,652Out of Pocket$126Mortgage P&I$1,59960%Property Taxes$1636%Insurance$1144%Management$31812%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,961

Downpayment

20%

$62,820

Closing costs

1%

$3,141

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,652

Total Expenses

$2,778

Mortgage P&I

60%

$1,599

Property Taxes

6%

$163

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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