REI Lense

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$3,678 (target)

1525 Pasadena Ave, Metairie, LA 70001

3 beds • 2 baths • 1527 sqft

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This property could be a profitable Mid-Term investment with a projected 12.95% first-year return on $77,850 initial cash invested.

12.95%

Cash On Cash

10.36%

Cap Rate

1.67

DSCR

$3,678

Rent

$840

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,678 income − $2,838 expenses = $840 cash flow

Income$3,678Mortgage P&I$1,47340%Property Taxes$15Insurance$1003%Management$44112%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40511%Cash Flow$840

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,678

Total Expenses

$2,838

Mortgage P&I

40%

$1,473

Property Taxes

0%

$15

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$441

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$405

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