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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 -9.35% first-year return on $93,285 initial cash invested.

-9.35%

Cash On Cash

3.78%

Cap Rate

0.64

DSCR

$2,655

Rent

-$727

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,655 income − $3,382 expenses = $727 out of pocket

Income$2,655Out of Pocket$727Mortgage P&I$1,74966%Property Taxes$2409%Insurance$1194%Management$39815%CapEx$1064%Maintenance$1064%Other$66425%

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

$2,655

Total Expenses

$3,382

Mortgage P&I

66%

$1,749

Property Taxes

9%

$240

Home Insurance

4%

$119

HOA

0%

$0

Property Management

15%

$398

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$664

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