REI Lense

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$2,535 (target)

1508 Cherry Ridge Ct, Mandeville, LA 70448

3 beds • 2 baths • 1931 sqft

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This property might be a fair Long-Term investment with a projected 2.11% first-year return on $60,942 initial cash invested.

2.11%

Cash On Cash

7%

Cap Rate

1.16

DSCR

$2,535

Rent

$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,535 income − $2,428 expenses = $107 cash flow

Income$2,535Mortgage P&I$1,45858%Property Taxes$2058%Insurance$1054%Management$25410%CapEx$1275%Vacancy$1526%Maintenance$1275%Cash Flow$107

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,942

Downpayment

20%

$58,040

Closing costs

1%

$2,902

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,535

Total Expenses

$2,428

Mortgage P&I

58%

$1,458

Property Taxes

8%

$205

Home Insurance

4%

$105

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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