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1317 Ocean Dr, Metairie, LA 70005

3 beds • 2 baths • 2113 sqft

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This property looks like a bad Airbnb investment with a projected -14.88% first-year return on $87,090 initial cash invested.

-14.88%

Cash On Cash

2.21%

Cap Rate

0.37

DSCR

$1,524

Rent

-$1,080

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,524 income − $2,604 expenses = $1,080 out of pocket

Income$1,524Out of Pocket$1,080Mortgage P&I$1,625107%Property Taxes$1329%Insurance$1158%Management$22915%CapEx$614%Maintenance$614%Other$38125%

Investment Breakdown

|

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

$1,524

Total Expenses

$2,604

Mortgage P&I

107%

$1,625

Property Taxes

9%

$132

Home Insurance

8%

$115

HOA

0%

$0

Property Management

15%

$229

CapEx

4%

$61

Vacancy

0%

$0

Maintenance

4%

$61

Other

25%

$381

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