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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 -17.77% first-year return on $91,773 initial cash invested.

-17.77%

Cash On Cash

1.58%

Cap Rate

0.26

DSCR

$1,583

Rent

-$1,359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,583 income − $2,942 expenses = $1,359 out of pocket

Income$1,583Out of Pocket$1,359Mortgage P&I$1,760111%Property Taxes$30419%Insurance$1198%Management$23715%CapEx$634%Maintenance$634%Other$39625%

Investment Breakdown

|

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

$1,583

Total Expenses

$2,942

Mortgage P&I

111%

$1,760

Property Taxes

19%

$304

Home Insurance

8%

$119

HOA

0%

$0

Property Management

15%

$237

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$396

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