REI Lense

REI Lense

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$1,486 (target)

11563 Wardline Rd, Hammond, LA 70401

3 beds • 2 baths • 1311 sqft

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This property might be a fair Long-Term investment with a projected 6.36% first-year return on $34,923 initial cash invested.

6.36%

Cash On Cash

7.96%

Cap Rate

1.31

DSCR

$1,486

Rent

$185

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,486 income − $1,301 expenses = $185 cash flow

Income$1,486Mortgage P&I$84457%Property Taxes$111%Insurance$604%Management$14910%CapEx$745%Vacancy$896%Maintenance$745%Cash Flow$185

Investment Breakdown

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Purchase Price

$166k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,923

Downpayment

20%

$33,260

Closing costs

1%

$1,663

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,486

Total Expenses

$1,301

Mortgage P&I

57%

$844

Property Taxes

1%

$11

Home Insurance

4%

$60

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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