REI Lense

REI Lense

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$2,066 (target)

122 Iota St, Belle Chasse, LA 70037

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -1.39% first-year return on $56,826 initial cash invested.

-1.39%

Cash On Cash

6.16%

Cap Rate

1.03

DSCR

$2,066

Rent

-$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,066 income − $2,132 expenses = $66 out of pocket

Income$2,066Out of Pocket$66Mortgage P&I$1,35165%Property Taxes$1467%Insurance$985%Management$20710%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,826

Downpayment

20%

$54,120

Closing costs

1%

$2,706

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,066

Total Expenses

$2,132

Mortgage P&I

65%

$1,351

Property Taxes

7%

$146

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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