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509 E Ormsby Ave, Louisville, KY 40203

3 beds • 3 baths • 1350 sqft

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This property looks like a bad Airbnb investment with a projected -3.65% first-year return on $77,556 initial cash invested.

-3.65%

Cash On Cash

5.57%

Cap Rate

0.92

DSCR

$2,968

Rent

-$236

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,968 income − $3,204 expenses = $236 out of pocket

Income$2,968Out of Pocket$236Mortgage P&I$1,43448%Property Taxes$2448%Insurance$1013%Management$44515%CapEx$1194%Maintenance$1194%Other$74225%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,556

Downpayment

20%

$56,720

Closing costs

1%

$2,836

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,968

Total Expenses

$3,204

Mortgage P&I

48%

$1,434

Property Taxes

8%

$244

Home Insurance

3%

$101

HOA

0%

$0

Property Management

15%

$445

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$742

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