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593 Mitchell Ave, Lexington, KY 40503

3 beds • 2 baths • 1490 sqft

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This property looks like a bad Airbnb investment with a projected -9.22% first-year return on $86,292 initial cash invested.

-9.22%

Cash On Cash

4.72%

Cap Rate

0.7

DSCR

$3,066

Rent

-$663

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,066 income − $3,729 expenses = $663 out of pocket

Income$3,066Out of Pocket$663Mortgage P&I$1,81959%Property Taxes$31910%Insurance$1194%Management$46015%CapEx$1234%Maintenance$1234%Other$76625%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,292

Downpayment

20%

$65,040

Closing costs

1%

$3,252

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,066

Total Expenses

$3,729

Mortgage P&I

59%

$1,819

Property Taxes

10%

$319

Home Insurance

4%

$119

HOA

0%

$0

Property Management

15%

$460

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$766

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