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$2,318 (target)

503 Michaels Cove Dr, Leitchfield, KY 42754

3 beds • 2 baths • 1703 sqft

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This property looks like a bad Mid-Term investment with a projected -12.05% first-year return on $109k initial cash invested.

-12.05%

Cash On Cash

3.38%

Cap Rate

0.55

DSCR

$2,318

Rent

-$1,090

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,318 income − $3,408 expenses = $1,090 out of pocket

Income$2,318Out of Pocket$1,090Mortgage P&I$2,21195%Property Taxes$2189%Insurance$1577%HOA$331%Management$27812%CapEx$934%Vacancy$703%Maintenance$934%Other$25511%

Investment Breakdown

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Purchase Price

$431k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,220

Closing costs

1%

$4,311

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,318

Total Expenses

$3,408

Mortgage P&I

95%

$2,211

Property Taxes

9%

$218

Home Insurance

7%

$157

HOA

1%

$33

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$255

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