REI Lense

REI Lense

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$2,452 (target)

1525 Pasadena Ave, Metairie, LA 70001

3 beds • 2 baths • 1527 sqft

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This property might be a fair Long-Term investment with a projected 4.53% first-year return on $59,850 initial cash invested.

4.53%

Cash On Cash

7.67%

Cap Rate

1.24

DSCR

$2,452

Rent

$226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,452 income − $2,226 expenses = $226 cash flow

Income$2,452Mortgage P&I$1,47360%Property Taxes$151%Insurance$1004%Management$24510%CapEx$1235%Vacancy$1476%Maintenance$1235%Cash Flow$226

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,452

Total Expenses

$2,226

Mortgage P&I

60%

$1,473

Property Taxes

1%

$15

Home Insurance

4%

$100

HOA

0%

$0

Property Management

10%

$245

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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