REI Lense

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$2,208 (target)

1516 Francis Ave, Metairie, LA 70003

3 beds • 2 baths • 1446 sqft

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This property might be a fair Long-Term investment with a projected 5.74% first-year return on $47,250 initial cash invested.

5.74%

Cash On Cash

8.59%

Cap Rate

1.26

DSCR

$2,208

Rent

$226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,208 income − $1,982 expenses = $226 cash flow

Income$2,208Mortgage P&I$1,27458%Property Taxes$563%Insurance$794%Management$22110%CapEx$1105%Vacancy$1326%Maintenance$1105%Cash Flow$226

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,208

Total Expenses

$1,982

Mortgage P&I

58%

$1,274

Property Taxes

3%

$56

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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