REI Lense

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$2,690 (target)

116 Spring Creek Dr, Pineville, LA 71360

3 beds • 3 baths • 1863 sqft

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This property might be a fair Mid-Term investment with a projected 1.63% first-year return on $72,999 initial cash invested.

1.63%

Cash On Cash

7.4%

Cap Rate

1.15

DSCR

$2,690

Rent

$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,690 income − $2,591 expenses = $99 cash flow

Income$2,690Mortgage P&I$1,40952%Property Taxes$1726%Insurance$943%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%Cash Flow$99

Investment Breakdown

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Purchase Price

$262k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,999

Downpayment

20%

$52,380

Closing costs

1%

$2,619

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,690

Total Expenses

$2,591

Mortgage P&I

52%

$1,409

Property Taxes

6%

$172

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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