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508 Locust Grove Rd, Shelbyville, KY 40065

3 beds • 3 baths • 2428 sqft

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This property looks like a bad Airbnb investment with a projected -27.62% first-year return on $162k initial cash invested.

-27.62%

Cash On Cash

-0.3%

Cap Rate

-0.05

DSCR

$942

Rent

-$3,731

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$942 income − $4,673 expenses = $3,731 out of pocket

Income$942Out of Pocket$3,731Mortgage P&I$3,524374%Property Taxes$44247%Insurance$25427%Management$14115%CapEx$384%Maintenance$384%Other$23625%

Investment Breakdown

|

Purchase Price

$686k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$162k

Downpayment

20%

$137k

Closing costs

1%

$6,863

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$942

Total Expenses

$4,673

Mortgage P&I

374%

$3,524

Property Taxes

47%

$442

Home Insurance

27%

$254

HOA

0%

$0

Property Management

15%

$141

CapEx

4%

$38

Vacancy

0%

$0

Maintenance

4%

$38

Other

25%

$236

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