REI Lense

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$1,815 (target)

1309 Madewood Rd, La Place, LA 70068

3 beds • 2 baths • 1458 sqft

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This property might be a fair Long-Term investment with a projected 1.94% first-year return on $45,150 initial cash invested.

1.94%

Cash On Cash

7.14%

Cap Rate

1.15

DSCR

$1,815

Rent

$73

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,815 income − $1,742 expenses = $73 cash flow

Income$1,815Mortgage P&I$1,11661%Property Taxes$784%Insurance$754%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%Cash Flow$73

Investment Breakdown

|

Purchase Price

$215k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,815

Total Expenses

$1,742

Mortgage P&I

61%

$1,116

Property Taxes

4%

$78

Home Insurance

4%

$75

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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