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1701 Yale Ave, Metairie, LA 70003

3 beds • 2 baths • 1504 sqft

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This property looks like a bad Airbnb investment with a projected -14.57% first-year return on $93,285 initial cash invested.

-14.57%

Cash On Cash

2.31%

Cap Rate

0.4

DSCR

$1,874

Rent

-$1,133

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,874 income − $3,007 expenses = $1,133 out of pocket

Income$1,874Out of Pocket$1,133Mortgage P&I$1,74993%Property Taxes$24013%Insurance$1196%Management$28115%CapEx$754%Maintenance$754%Other$46825%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,285

Downpayment

20%

$71,700

Closing costs

1%

$3,585

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,874

Total Expenses

$3,007

Mortgage P&I

93%

$1,749

Property Taxes

13%

$240

Home Insurance

6%

$119

HOA

0%

$0

Property Management

15%

$281

CapEx

4%

$75

Vacancy

0%

$0

Maintenance

4%

$75

Other

25%

$468

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