REI Lense

REI Lense

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$2,498 (target)

1040 Michelle Dr, Sulphur, LA 70663

3 beds • 2 baths • 1787 sqft

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This property might be a fair Mid-Term investment with a projected 0.29% first-year return on $75,750 initial cash invested.

0.29%

Cash On Cash

6.4%

Cap Rate

1.09

DSCR

$2,498

Rent

$18

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,498

Total Expenses

$2,480

Mortgage P&I

54%

$1,348

Property Taxes

7%

$186

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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