REI Lense

REI Lense

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$2,475 (target)

1217 Cleary Ave, Metairie, LA 70001

3 beds • 2 baths • 1351 sqft

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This property looks like a bad Long-Term investment with a projected -5.73% first-year return on $73,773 initial cash invested.

-5.73%

Cash On Cash

5.23%

Cap Rate

0.87

DSCR

$2,475

Rent

-$352

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

$73,773

Downpayment

20%

$70,260

Closing costs

1%

$3,513

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,475

Total Expenses

$2,827

Mortgage P&I

71%

$1,760

Property Taxes

12%

$304

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$148

Maintenance

5%

$124

Other

0%

$0

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