REI Lense

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$1,975 (target)

1218 E Alexander St, Lafayette, LA 70501

3 beds • 2 baths • 1473 sqft

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This property could be a profitable Long-Term investment with a projected 15.96% first-year return on $35,406 initial cash invested.

15.96%

Cash On Cash

10.15%

Cap Rate

1.67

DSCR

$1,975

Rent

$471

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,975 income − $1,504 expenses = $471 cash flow

Income$1,975Mortgage P&I$85643%Property Taxes$905%Insurance$442%Management$19810%CapEx$995%Vacancy$1186%Maintenance$995%Cash Flow$471

Investment Breakdown

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Purchase Price

$169k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,406

Downpayment

20%

$33,720

Closing costs

1%

$1,686

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,975

Total Expenses

$1,504

Mortgage P&I

43%

$856

Property Taxes

5%

$90

Home Insurance

2%

$44

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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