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1005 McMillan Rd, West Monroe, LA 71291

3 beds • 3 baths • 2336 sqft

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This property looks like a bad Airbnb investment with a projected -11.7% first-year return on $92,004 initial cash invested.

-11.7%

Cash On Cash

2.91%

Cap Rate

0.51

DSCR

$1,784

Rent

-$897

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,784 income − $2,681 expenses = $897 out of pocket

Income$1,784Out of Pocket$897Mortgage P&I$1,68094%Property Taxes$161%Insurance$1297%Management$26815%CapEx$714%Maintenance$714%Other$44625%

Investment Breakdown

|

Purchase Price

$352k

Downpayment

20.0%

Interest Rate

5.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,004

Downpayment

20%

$70,480

Closing costs

1%

$3,524

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,784

Total Expenses

$2,681

Mortgage P&I

94%

$1,680

Property Taxes

1%

$16

Home Insurance

7%

$129

HOA

0%

$0

Property Management

15%

$268

CapEx

4%

$71

Vacancy

0%

$0

Maintenance

4%

$71

Other

25%

$446

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