REI Lense

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$3,498 (target)

817 Ridgefield Rd, Richmond, KY 40475

3 beds • 2 baths • 1922 sqft

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This property looks like a bad Mid-Term investment with a projected -7.27% first-year return on $129k initial cash invested.

-7.27%

Cash On Cash

4.55%

Cap Rate

0.76

DSCR

$3,498

Rent

-$784

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,498 income − $4,282 expenses = $784 out of pocket

Income$3,498Out of Pocket$784Mortgage P&I$2,65776%Property Taxes$2307%Insurance$1925%HOA$13Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%

Investment Breakdown

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Purchase Price

$531k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,309

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,498

Total Expenses

$4,282

Mortgage P&I

76%

$2,657

Property Taxes

7%

$230

Home Insurance

5%

$192

HOA

0%

$13

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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