REI Lense

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$4,576 (target)

1317 Ocean Dr, Metairie, LA 70005

3 beds • 2 baths • 2113 sqft

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This property could be a profitable Mid-Term investment with a projected 15.83% first-year return on $87,090 initial cash invested.

15.83%

Cash On Cash

10.79%

Cap Rate

1.82

DSCR

$4,576

Rent

$1,149

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,576 income − $3,427 expenses = $1,149 cash flow

Income$4,576Mortgage P&I$1,62536%Property Taxes$1323%Insurance$1153%Management$54912%CapEx$1834%Vacancy$1373%Maintenance$1834%Other$50311%Cash Flow$1,149

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,576

Total Expenses

$3,427

Mortgage P&I

36%

$1,625

Property Taxes

3%

$132

Home Insurance

3%

$115

HOA

0%

$0

Property Management

12%

$549

CapEx

4%

$183

Vacancy

3%

$137

Maintenance

4%

$183

Other

11%

$503

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