REI Lense

REI Lense

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$2,523 (target)

859 Holly Grove Rd, Corbin, KY 40701

3 beds • 2 baths • 1106 sqft

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This property might be a fair Mid-Term investment with a projected 4.93% first-year return on $64,536 initial cash invested.

4.93%

Cash On Cash

8.53%

Cap Rate

1.3

DSCR

$2,523

Rent

$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,523 income − $2,258 expenses = $265 cash flow

Income$2,523Mortgage P&I$1,20948%Property Taxes$1114%Insurance$793%Management$30312%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27811%Cash Flow$265

Investment Breakdown

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Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,536

Downpayment

20%

$44,320

Closing costs

1%

$2,216

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,523

Total Expenses

$2,258

Mortgage P&I

48%

$1,209

Property Taxes

4%

$111

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$303

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$278

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