Paducah, KY


$ 189,000 - Short Term Rental

4.0 bd | 2.0 ba | 2,888 sqft | 1897 yr | $ 187 Avg Rate

Cash on Cash
17.95 %
IRR
38.15 %
Net Monthly Cashflow
$665

Description

Built In The Late 1890's This 4 Bedroom/2 Bath Lowertown Beauty Is A Do Not Miss! Hardwood Floors Throughout, 6 Fireplaces, Functional Pocket Doors, 8 Transoms, Large Sitting Rooms, A Beautiful Library Straight Off Of The Roomy Foyer...one Can Truly See The History And Original Construction As This Home Has Really Not Been Changed At All Since It Was Built! Recent Upgrades Include A Natural Gas Central Heat System, Recent Roof And 200 Amp Breaker System. The Unfinished 3rd Floor Could Easily Be Finished As A Bonus Room, Studio Or Office. By Joining The Lowertown Community, You Will Be In Walking Distance To All The Downtown Shops And Restaurants And Paducah's Beautiful Riverfront, Market House Theatre And More!


Short Term Rental Analysis

  • Cash on Cash: 17.95 %
  • Net Monthly Cashflow: $665
  • Daily Rent: $187

Financial Analysis

  • Loan Amnt: $ 159,200.00
  • All-in Cost: $ 203,674.00
  • Debt Coverage Ratio: 1.69 %
  • Total Out of Pocket: $ 44,474.00
  • Monthly Mortgage: $ 961.83

Expense Assumptions

  • Prop Insurance: $1,118
  • Co Hosting Fee: $2,184
  • Maintenance: $1,365
  • Occupany: 40.00 %

Financing Assumptions

  • Down Payment: $39,800
  • Interest Rate: 7.25 %
  • Loan Term Months: 360.00
  • Points: $3,184

Other Assumptions

  • Closing Cost: $1,490


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