REI Lense

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$2,438 (target)

85 Florence Ln, Somerset, KY 42501

3 beds • 2 baths • 2301 sqft

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This property looks like a bad Mid-Term investment with a projected -4.13% first-year return on $81,840 initial cash invested.

-4.13%

Cash On Cash

5.62%

Cap Rate

0.89

DSCR

$2,438

Rent

-$282

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,438 income − $2,720 expenses = $282 out of pocket

Income$2,438Out of Pocket$282Mortgage P&I$1,60866%Property Taxes$1707%Insurance$1125%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26811%

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,840

Downpayment

20%

$60,800

Closing costs

1%

$3,040

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,438

Total Expenses

$2,720

Mortgage P&I

66%

$1,608

Property Taxes

7%

$170

Home Insurance

5%

$112

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$268

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