REI Lense

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$1,761 (target)

151 Melody Ln, Deridder, LA 70634

3 beds • 2 baths • 1984 sqft

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This property looks like a bad Long-Term investment with a projected -6.48% first-year return on $62,580 initial cash invested.

-6.48%

Cash On Cash

4.85%

Cap Rate

0.83

DSCR

$1,761

Rent

-$338

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,761 income − $2,099 expenses = $338 out of pocket

Income$1,761Out of Pocket$338Mortgage P&I$1,45483%Property Taxes$835%Insurance$1046%Management$17610%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

|

Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,580

Downpayment

20%

$59,600

Closing costs

1%

$2,980

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,761

Total Expenses

$2,099

Mortgage P&I

83%

$1,454

Property Taxes

5%

$83

Home Insurance

6%

$104

HOA

0%

$0

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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