Paducah, KY


$ 300,000 - Short Term Rental

4.0 bd | 3.0 ba | 3,521 sqft | 1868 yr | $ 240 Avg Rate

Cash on Cash
23.22 %
IRR
34.37 %
Net Monthly Cashflow
$1,335

Description

Wow Factor From Antique Iron Fence. On The National Register Of Historic Places, This 1868 Home Was Built By Paducah's 1st Millionaire, Benjamin Henry Wisdom. 10 Foot + Ceilings On 1st Floor. Original Narrow Plank Oak Hardwoods Intact. 4 Fireplaces, 2 Have Gas Logs Installed & 1st Floor Rear En Suite Master Has Exposed Brick, A Wall Of Built-ins & Cast Iron Mantle. Original Wood, Wavy Glass Windows (w/ Metal Storms), Stone Walls & Wood Exterior On Front. Composite Deck On Front Porch. Vinyl On Sides And Rear. Recent Improvements: Metal Roof On Front Porch & Rear Of Home, Renovated Right Kitchen W/ Gas Stove & Granite & Renovated Master Bath, Air-tite Insulation In Attic, Electric Work & Nest Thermostat & Cameras. Hvac 10yrs.


Short Term Rental Analysis

  • Cash on Cash: 23.22 %
  • Net Monthly Cashflow: $1,335
  • Daily Rent: $240

Financial Analysis

  • Loan Amnt: $ 244,480.00
  • All-in Cost: $ 313,495.60
  • Debt Coverage Ratio: 1.80 %
  • Total Out of Pocket: $ 69,015.60
  • Monthly Mortgage: $ 1,667.78

Expense Assumptions

  • Prop Insurance: $2,255
  • Co Hosting Fee: $3,854
  • Maintenance: $2,409
  • Occupany: 55.00 %

Financing Assumptions

  • Down Payment: $61,120
  • Interest Rate: 7.25 %
  • Loan Term Months: 360.00
  • Points: $4,890

Other Assumptions

  • Closing Cost: $3,006


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