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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 -8.62% first-year return on $107k initial cash invested.

-8.62%

Cash On Cash

4.19%

Cap Rate

0.7

DSCR

$3,270

Rent

-$770

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,270 income − $4,040 expenses = $770 out of pocket

Income$3,270Out of Pocket$770Mortgage P&I$2,12465%Property Taxes$1976%Insurance$1495%Management$49015%CapEx$1314%Maintenance$1314%Other$81825%

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

$3,270

Total Expenses

$4,040

Mortgage P&I

65%

$2,124

Property Taxes

6%

$197

Home Insurance

5%

$149

HOA

0%

$0

Property Management

15%

$490

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$818

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