REI Lense

REI Lense

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$3,712 (target)

1217 Cleary Ave, Metairie, LA 70001

3 beds • 2 baths • 1351 sqft

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This property might be a fair Mid-Term investment with a projected 3.52% first-year return on $91,773 initial cash invested.

3.52%

Cash On Cash

7.44%

Cap Rate

1.24

DSCR

$3,712

Rent

$269

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

$3,712

Total Expenses

$3,443

Mortgage P&I

47%

$1,760

Property Taxes

8%

$304

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$445

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$408

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