Paducah, KY


$ 244,000 - Short Term Rental

3.0 bd | 2.0 ba | 1,649 sqft | 2016 yr | $ 153 Avg Rate

Cash on Cash
28.79 %
IRR
46.26 %
Net Monthly Cashflow
$1,241

Description

Here's Lowertown Living At It's Finest! This Recently Built (2016) And Meticulously Maintained Home Was Designed To Satisfy Anyone Looking For Luxury, Convenience, And Ultimate Relaxation. Before Entering, You'll Be Amazed By The Large Covered Front Porch, Easy To Entertain Several Guests. Inside, Find High End Finishes Such As Hardwood Floors, Thick Crown Molding, Granite Countertops, Beautiful Cherry Cabinets, Stainless Appliances, And Much More! Storage Is Plentiful As All Rooms Have Large Closets(primary Bedroom With 2). Out Back Is Another Covered Porch Area Along With A Fenced-in Yard And Large 24x36 2-car Garage With Workshop! All Of This And Within A Few Blocks From Downtown Shops, Restaurants, The Greenway Trail, And Riverfront!


Short Term Rental Analysis

  • Cash on Cash: 28.79 %
  • Net Monthly Cashflow: $1,241
  • Daily Rent: $153

Financial Analysis

  • Loan Amnt: $ 183,200.00
  • All-in Cost: $ 234,904.00
  • Debt Coverage Ratio: 2.12 %
  • Total Out of Pocket: $ 51,704.00
  • Monthly Mortgage: $ 1,106.83

Expense Assumptions

  • Prop Insurance: $1,680
  • Co Hosting Fee: $2,993
  • Maintenance: $1,871
  • Occupany: 67.00 %

Financing Assumptions

  • Down Payment: $45,800
  • Interest Rate: 7.25 %
  • Loan Term Months: 360.00
  • Points: $3,664

Other Assumptions

  • Closing Cost: $2,240


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