REI Lense

REI Lense

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$3,014 (target)

1101 Neyrey Dr, Metairie, LA 70001

3 beds • 2 baths • 1443 sqft

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This property looks like a bad Mid-Term investment with a projected -3.08% first-year return on $93,096 initial cash invested.

-3.08%

Cash On Cash

5.69%

Cap Rate

0.93

DSCR

$3,014

Rent

-$239

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,014 income − $3,253 expenses = $239 out of pocket

Income$3,014Out of Pocket$239Mortgage P&I$1,81360%Property Taxes$2839%Insurance$1314%Management$36212%CapEx$1214%Vacancy$903%Maintenance$1214%Other$33211%

Investment Breakdown

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Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,096

Downpayment

20%

$71,520

Closing costs

1%

$3,576

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,014

Total Expenses

$3,253

Mortgage P&I

60%

$1,813

Property Taxes

9%

$283

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$362

CapEx

4%

$121

Vacancy

3%

$90

Maintenance

4%

$121

Other

11%

$332

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