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1614 River Oaks Dr, New Orleans, LA 70131

3 beds • 2 baths • 1428 sqft

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This property looks like a bad Airbnb investment with a projected -0.69% first-year return on $55,947 initial cash invested.

-0.69%

Cash On Cash

6.62%

Cap Rate

1.06

DSCR

$2,265

Rent

-$32

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,265 income − $2,297 expenses = $32 out of pocket

Income$2,265Out of Pocket$32Mortgage P&I$93841%Property Taxes$2079%Insurance$643%Management$34015%CapEx$914%Maintenance$914%Other$56625%

Investment Breakdown

|

Purchase Price

$181k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,947

Downpayment

20%

$36,140

Closing costs

1%

$1,807

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,265

Total Expenses

$2,297

Mortgage P&I

41%

$938

Property Taxes

9%

$207

Home Insurance

3%

$64

HOA

0%

$0

Property Management

15%

$340

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$566

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