REI Lense

REI Lense

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$3,993 (target)

1341 Poinsettia Dr, Metairie, LA 70005

3 beds • 2 baths • 1617 sqft

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This property might be a fair Mid-Term investment with a projected 2.66% first-year return on $104k initial cash invested.

2.66%

Cash On Cash

7.15%

Cap Rate

1.19

DSCR

$3,993

Rent

$231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$411k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,240

Closing costs

1%

$4,112

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,993

Total Expenses

$3,762

Mortgage P&I

52%

$2,060

Property Taxes

5%

$194

Home Insurance

4%

$150

HOA

0%

$0

Property Management

12%

$479

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$439

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