REI Lense

REI Lense

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$1,846 (target)

13 Golden Dr, Hammond, LA 70401

3 beds • 2 baths • 2212 sqft

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This property might be a fair Long-Term investment with a projected 7.92% first-year return on $40,761 initial cash invested.

7.92%

Cash On Cash

8.48%

Cap Rate

1.36

DSCR

$1,846

Rent

$269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,846 income − $1,577 expenses = $269 cash flow

Income$1,846Mortgage P&I$1,01055%Property Taxes$151%Insurance$724%Management$18510%CapEx$925%Vacancy$1116%Maintenance$925%Cash Flow$269

Investment Breakdown

|

Purchase Price

$194k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,761

Downpayment

20%

$38,820

Closing costs

1%

$1,941

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,846

Total Expenses

$1,577

Mortgage P&I

55%

$1,010

Property Taxes

1%

$15

Home Insurance

4%

$72

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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