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$3,032 (target)

115 Meadow Gate Dr, Lafayette, LA 70508

3 beds • 2 baths • 1521 sqft

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This property might be a fair Mid-Term investment with a projected 6.29% first-year return on $75,015 initial cash invested.

6.29%

Cash On Cash

8.23%

Cap Rate

1.38

DSCR

$3,032

Rent

$393

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,032 income − $2,639 expenses = $393 cash flow

Income$3,032Mortgage P&I$1,34744%Property Taxes$1726%Insurance$893%Management$36412%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33411%Cash Flow$393

Investment Breakdown

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Purchase Price

$272k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,015

Downpayment

20%

$54,300

Closing costs

1%

$2,715

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,032

Total Expenses

$2,639

Mortgage P&I

44%

$1,347

Property Taxes

6%

$172

Home Insurance

3%

$89

HOA

0%

$0

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$334

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