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$2,828 (target)

121 Lockridge Dr, Broussard, LA 70518

3 beds • 2 baths • 1550 sqft

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This property might be a fair Mid-Term investment with a projected 6.32% first-year return on $71,214 initial cash invested.

6.32%

Cash On Cash

8.33%

Cap Rate

1.38

DSCR

$2,828

Rent

$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,828 income − $2,453 expenses = $375 cash flow

Income$2,828Mortgage P&I$1,27045%Property Taxes$1325%Insurance$903%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%Cash Flow$375

Investment Breakdown

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Purchase Price

$253k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,214

Downpayment

20%

$50,680

Closing costs

1%

$2,534

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,828

Total Expenses

$2,453

Mortgage P&I

45%

$1,270

Property Taxes

5%

$132

Home Insurance

3%

$90

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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