REI Lense

REI Lense

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$1,395 (target)

1305 L B Landry Ave, New Orleans, LA 70114

3 beds • 2 baths • 946 sqft

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This property could be a profitable Long-Term investment with a projected 34.2% first-year return on $17,052 initial cash invested.

34.2%

Cash On Cash

14.5%

Cap Rate

2.31

DSCR

$1,395

Rent

$486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,395 income − $909 expenses = $486 cash flow

Income$1,395Mortgage P&I$42530%Property Taxes$927%Insurance$282%Management$14010%CapEx$705%Vacancy$846%Maintenance$705%Cash Flow$486

Investment Breakdown

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Purchase Price

$81,200

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$17,052

Downpayment

20%

$16,240

Closing costs

1%

$812

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,395

Total Expenses

$909

Mortgage P&I

30%

$425

Property Taxes

7%

$92

Home Insurance

2%

$28

HOA

0%

$0

Property Management

10%

$140

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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