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$2,994 (target)

15375 Erindale Dr, Folsom, LA 70437

3 beds • 3 baths • 1786 sqft

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This property looks like a bad Mid-Term investment with a projected -8.97% first-year return on $128k initial cash invested.

-8.97%

Cash On Cash

4.01%

Cap Rate

0.68

DSCR

$2,994

Rent

-$958

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,994 income − $3,952 expenses = $958 out of pocket

Income$2,994Out of Pocket$958Mortgage P&I$2,59387%Property Taxes$1575%Insurance$1846%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%

Investment Breakdown

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Purchase Price

$525k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,249

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,994

Total Expenses

$3,952

Mortgage P&I

87%

$2,593

Property Taxes

5%

$157

Home Insurance

6%

$184

HOA

0%

$0

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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