REI Lense

REI Lense

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$2,191 (target)

18 Memory Ln, West Monroe, LA 71291

3 beds • 2 baths • 2087 sqft

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This property might be a fair Long-Term investment with a projected 1.7% first-year return on $57,750 initial cash invested.

1.7%

Cash On Cash

6.83%

Cap Rate

1.14

DSCR

$2,191

Rent

$82

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,191 income − $2,109 expenses = $82 cash flow

Income$2,191Mortgage P&I$1,37363%Property Taxes$663%Insurance$1005%Management$21910%CapEx$1105%Vacancy$1316%Maintenance$1105%Cash Flow$82

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,191

Total Expenses

$2,109

Mortgage P&I

63%

$1,373

Property Taxes

3%

$66

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$110

Vacancy

6%

$131

Maintenance

5%

$110

Other

0%

$0

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