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$1,545 (target)

503 Michaels Cove Dr, Leitchfield, KY 42754

3 beds • 2 baths • 1703 sqft

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This property looks like a bad Long-Term investment with a projected -19.55% first-year return on $90,531 initial cash invested.

-19.55%

Cash On Cash

2.26%

Cap Rate

0.37

DSCR

$1,545

Rent

-$1,475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,545 income − $3,020 expenses = $1,475 out of pocket

Income$1,545Out of Pocket$1,475Mortgage P&I$2,211143%Property Taxes$21814%Insurance$15710%HOA$332%Management$15410%CapEx$775%Vacancy$936%Maintenance$775%

Investment Breakdown

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Purchase Price

$431k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,531

Downpayment

20%

$86,220

Closing costs

1%

$4,311

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,545

Total Expenses

$3,020

Mortgage P&I

143%

$2,211

Property Taxes

14%

$218

Home Insurance

10%

$157

HOA

2%

$33

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$93

Maintenance

5%

$77

Other

0%

$0

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