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422 Locust Grove Rd, Shelbyville, KY 40065

3 beds • 2 baths • 2300 sqft

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This property looks like a bad Airbnb investment with a projected -20.3% first-year return on $107k initial cash invested.

-20.3%

Cash On Cash

1.02%

Cap Rate

0.17

DSCR

$1,260

Rent

-$1,814

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,260 income − $3,074 expenses = $1,814 out of pocket

Income$1,260Out of Pocket$1,814Mortgage P&I$2,124169%Property Taxes$19716%Insurance$14912%Management$18915%CapEx$504%Maintenance$504%Other$31525%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,260

Total Expenses

$3,074

Mortgage P&I

169%

$2,124

Property Taxes

16%

$197

Home Insurance

12%

$149

HOA

0%

$0

Property Management

15%

$189

CapEx

4%

$50

Vacancy

0%

$0

Maintenance

4%

$50

Other

25%

$315

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