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1820 Hall Ave, Metairie, LA 70003

3 beds • 2 baths • 1719 sqft

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This property looks like a bad Airbnb investment with a projected -3.47% first-year return on $75,078 initial cash invested.

-3.47%

Cash On Cash

6.39%

Cap Rate

0.94

DSCR

$3,044

Rent

-$217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,044 income − $3,261 expenses = $217 out of pocket

Income$3,044Out of Pocket$217Mortgage P&I$1,54251%Property Taxes$1615%Insurance$963%Management$45715%CapEx$1224%Maintenance$1224%Other$76125%

Investment Breakdown

|

Purchase Price

$272k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,078

Downpayment

20%

$54,360

Closing costs

1%

$2,718

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,044

Total Expenses

$3,261

Mortgage P&I

51%

$1,542

Property Taxes

5%

$161

Home Insurance

3%

$96

HOA

0%

$0

Property Management

15%

$457

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$761

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