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1222 Desire St, New Orleans, LA 70117

2 beds • 2 baths • 1275 sqft

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This property looks like a bad Long-Term investment with a projected -10.7% first-year return on $64,806 initial cash invested.

-10.7%

Cash On Cash

4%

Cap Rate

0.68

DSCR

$1,800

Rent

-$578

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,806

Downpayment

20%

$61,720

Closing costs

1%

$3,086

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,800

Total Expenses

$2,378

Mortgage P&I

84%

$1,516

Property Taxes

16%

$286

Home Insurance

6%

$108

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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