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2206 Northgate Dr, La Grange, KY 40031

3 beds • 3 baths • 2400 sqft

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This property looks like a bad Airbnb investment with a projected -16.75% first-year return on $131k initial cash invested.

-16.75%

Cash On Cash

1.99%

Cap Rate

0.34

DSCR

$2,872

Rent

-$1,832

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,872 income − $4,704 expenses = $1,832 out of pocket

Income$2,872Out of Pocket$1,832Mortgage P&I$2,61291%Property Taxes$50818%Insurance$1927%HOA$13Management$43115%CapEx$1154%Maintenance$1154%Other$71825%

Investment Breakdown

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Purchase Price

$539k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,392

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,872

Total Expenses

$4,704

Mortgage P&I

91%

$2,612

Property Taxes

18%

$508

Home Insurance

7%

$192

HOA

0%

$13

Property Management

15%

$431

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$718

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