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8706 Michael Edward Dr, Louisville, KY 40291

3 beds • 2 baths • 2115 sqft

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This property looks like a bad Airbnb investment with a projected -13.35% first-year return on $76,506 initial cash invested.

-13.35%

Cash On Cash

2.69%

Cap Rate

0.44

DSCR

$1,676

Rent

-$851

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,676 income − $2,527 expenses = $851 out of pocket

Income$1,676Out of Pocket$851Mortgage P&I$1,40984%Property Taxes$21413%Insurance$1006%Management$25115%CapEx$674%Maintenance$674%Other$41925%

Investment Breakdown

|

Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,506

Downpayment

20%

$55,720

Closing costs

1%

$2,786

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,676

Total Expenses

$2,527

Mortgage P&I

84%

$1,409

Property Taxes

13%

$214

Home Insurance

6%

$100

HOA

0%

$0

Property Management

15%

$251

CapEx

4%

$67

Vacancy

0%

$0

Maintenance

4%

$67

Other

25%

$419

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