REI Lense

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$1,800 (target)

15 Tulip Dr, Gretna, LA 70053

3 beds • 2 baths • 1789 sqft

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This property might be a fair Long-Term investment with a projected 7.73% first-year return on $37,590 initial cash invested.

7.73%

Cash On Cash

8.47%

Cap Rate

1.36

DSCR

$1,800

Rent

$242

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,800 income − $1,558 expenses = $242 cash flow

Income$1,800Mortgage P&I$93152%Property Taxes$965%Insurance$634%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%Cash Flow$242

Investment Breakdown

|

Purchase Price

$179k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,590

Downpayment

20%

$35,800

Closing costs

1%

$1,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,800

Total Expenses

$1,558

Mortgage P&I

52%

$931

Property Taxes

5%

$96

Home Insurance

4%

$63

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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