REI Lense

REI Lense

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$1,959 (target)

1120 Horseshoe Lake Rd, Monroe, LA 71203

3 beds • 2 baths • 1936 sqft

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This property might be a fair Long-Term investment with a projected 0.88% first-year return on $50,190 initial cash invested.

0.88%

Cash On Cash

6.82%

Cap Rate

1.11

DSCR

$1,959

Rent

$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,959 income − $1,922 expenses = $37 cash flow

Income$1,959Mortgage P&I$1,22462%Property Taxes$1025%Insurance$864%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%Cash Flow$37

Investment Breakdown

|

Purchase Price

$239k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,190

Downpayment

20%

$47,800

Closing costs

1%

$2,390

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,959

Total Expenses

$1,922

Mortgage P&I

62%

$1,224

Property Taxes

5%

$102

Home Insurance

4%

$86

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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