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$4,046 (target)

1513 Spencer Ave, Monroe, LA 71201

3 beds • 2 baths • 2072 sqft

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This property could be a profitable Mid-Term investment with a projected 13.69% first-year return on $81,630 initial cash invested.

13.69%

Cash On Cash

10.23%

Cap Rate

1.73

DSCR

$4,046

Rent

$931

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,046 income − $3,115 expenses = $931 cash flow

Income$4,046Mortgage P&I$1,49037%Property Taxes$1464%Insurance$1033%Management$48612%CapEx$1624%Vacancy$1213%Maintenance$1624%Other$44511%Cash Flow$931

Investment Breakdown

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Purchase Price

$303k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,630

Downpayment

20%

$60,600

Closing costs

1%

$3,030

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,046

Total Expenses

$3,115

Mortgage P&I

37%

$1,490

Property Taxes

4%

$146

Home Insurance

3%

$103

HOA

0%

$0

Property Management

12%

$486

CapEx

4%

$162

Vacancy

3%

$121

Maintenance

4%

$162

Other

11%

$445

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