REI Lense

REI Lense

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$2,108 (target)

123 Gatesmere Ct, Lafayette, LA 70508

3 beds • 2 baths • 1798 sqft

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This property looks like a bad Long-Term investment with a projected -8.51% first-year return on $68,817 initial cash invested.

-8.51%

Cash On Cash

4.68%

Cap Rate

0.77

DSCR

$2,108

Rent

-$488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,108 income − $2,596 expenses = $488 out of pocket

Income$2,108Out of Pocket$488Mortgage P&I$1,66179%Property Taxes$24011%Insurance$1176%HOA$311%Management$21110%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,817

Downpayment

20%

$65,540

Closing costs

1%

$3,277

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,108

Total Expenses

$2,596

Mortgage P&I

79%

$1,661

Property Taxes

11%

$240

Home Insurance

6%

$117

HOA

1%

$31

Property Management

10%

$211

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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