REI Lense

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$2,938 (target)

1120 Horseshoe Lake Rd, Monroe, LA 71203

3 beds • 2 baths • 1936 sqft

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This property might be a fair Mid-Term investment with a projected 9.26% first-year return on $68,190 initial cash invested.

9.26%

Cash On Cash

9.38%

Cap Rate

1.53

DSCR

$2,938

Rent

$526

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,938 income − $2,412 expenses = $526 cash flow

Income$2,938Mortgage P&I$1,22442%Property Taxes$1023%Insurance$863%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32311%Cash Flow$526

Investment Breakdown

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Purchase Price

$239k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,190

Downpayment

20%

$47,800

Closing costs

1%

$2,390

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,938

Total Expenses

$2,412

Mortgage P&I

42%

$1,224

Property Taxes

3%

$102

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$323

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