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$2,322 (target)

124 Ridge Run Ln, Carencro, LA 70520

3 beds • 2 baths • 1285 sqft

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This property might be a fair Mid-Term investment with a projected 2.42% first-year return on $63,864 initial cash invested.

2.42%

Cash On Cash

7.85%

Cap Rate

1.18

DSCR

$2,322

Rent

$129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,322 income − $2,193 expenses = $129 cash flow

Income$2,322Mortgage P&I$1,20752%Property Taxes$1195%Insurance$773%Management$27912%CapEx$934%Vacancy$703%Maintenance$934%Other$25511%Cash Flow$129

Investment Breakdown

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Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,864

Downpayment

20%

$43,680

Closing costs

1%

$2,184

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,322

Total Expenses

$2,193

Mortgage P&I

52%

$1,207

Property Taxes

5%

$119

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$279

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$255

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