REI Lense

REI Lense

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$4,648 (target)

1404 Focis St, Metairie, LA 70005

3 beds • 2 baths • 2213 sqft

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This property might be a fair Mid-Term investment with a projected 2.25% first-year return on $115k initial cash invested.

2.25%

Cash On Cash

7.03%

Cap Rate

1.17

DSCR

$4,648

Rent

$215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$461k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,160

Closing costs

1%

$4,608

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,648

Total Expenses

$4,433

Mortgage P&I

49%

$2,300

Property Taxes

8%

$383

Home Insurance

4%

$170

HOA

0%

$0

Property Management

12%

$558

CapEx

4%

$186

Vacancy

3%

$139

Maintenance

4%

$186

Other

11%

$511

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