REI Lense

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$2,631 (target)

1053 Focis St, Metairie, LA 70005

3 beds • 2 baths • 1780 sqft

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This property might be a fair Long-Term investment with a projected 8.07% first-year return on $54,600 initial cash invested.

8.07%

Cash On Cash

8.5%

Cap Rate

1.37

DSCR

$2,631

Rent

$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,631 income − $2,264 expenses = $367 cash flow

Income$2,631Mortgage P&I$1,34251%Property Taxes$1466%Insurance$913%Management$26310%CapEx$1325%Vacancy$1586%Maintenance$1325%Cash Flow$367

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,631

Total Expenses

$2,264

Mortgage P&I

51%

$1,342

Property Taxes

6%

$146

Home Insurance

3%

$91

HOA

0%

$0

Property Management

10%

$263

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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