REI Lense

REI Lense

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$1,122 (target)

1702 McGee St, Monroe, LA 71202

3 beds • 2 baths • 1026 sqft

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This property might be a fair Mid-Term investment with a projected 8.78% first-year return on $36,375 initial cash invested.

8.78%

Cash On Cash

10.26%

Cap Rate

1.71

DSCR

$1,122

Rent

$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$87,500

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,375

Downpayment

20%

$17,500

Closing costs

1%

$875

Rehab

0%

$0

Furnishing

21%

$18,000

Cashflow

Total Income

$1,122

Total Expenses

$856

Mortgage P&I

39%

$437

Property Taxes

1%

$6

Home Insurance

3%

$31

HOA

0%

$0

Property Management

12%

$135

CapEx

4%

$45

Vacancy

3%

$34

Maintenance

4%

$45

Other

11%

$123

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