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204 Park Lakes Dr, Richmond, KY 40475

3 beds • 3 baths • 2100 sqft

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This property looks like a bad Airbnb investment with a projected -5.53% first-year return on $93,075 initial cash invested.

-5.53%

Cash On Cash

4.92%

Cap Rate

0.83

DSCR

$3,124

Rent

-$429

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,124 income − $3,553 expenses = $429 out of pocket

Income$3,124Out of Pocket$429Mortgage P&I$1,76957%Property Taxes$1585%Insurance$1224%HOA$4Management$46915%CapEx$1254%Maintenance$1254%Other$78125%

Investment Breakdown

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Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,075

Downpayment

20%

$71,500

Closing costs

1%

$3,575

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,124

Total Expenses

$3,553

Mortgage P&I

57%

$1,769

Property Taxes

5%

$158

Home Insurance

4%

$122

HOA

0%

$4

Property Management

15%

$469

CapEx

4%

$125

Vacancy

0%

$0

Maintenance

4%

$125

Other

25%

$781

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