REI Lense

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1217 Cleary Ave, Metairie, LA 70001

3 beds • 2 baths • 1351 sqft

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This property looks like a bad Airbnb investment with a projected -17.59% first-year return on $91,773 initial cash invested.

-17.59%

Cash On Cash

1.64%

Cap Rate

0.27

DSCR

$1,611

Rent

-$1,345

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,773

Downpayment

20%

$70,260

Closing costs

1%

$3,513

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,611

Total Expenses

$2,956

Mortgage P&I

109%

$1,760

Property Taxes

19%

$304

Home Insurance

7%

$119

HOA

0%

$0

Property Management

15%

$242

CapEx

4%

$64

Vacancy

0%

$0

Maintenance

4%

$64

Other

25%

$403

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