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1901 Richard Dr, Monroe, LA 71201

3 beds • 2 baths • 1468 sqft

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This property might be a fair Mid-Term investment with a projected 3.35% first-year return on $64,095 initial cash invested.

3.35%

Cash On Cash

7.55%

Cap Rate

1.24

DSCR

$2,262

Rent

$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,095

Downpayment

20%

$43,900

Closing costs

1%

$2,195

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,262

Total Expenses

$2,083

Mortgage P&I

49%

$1,112

Property Taxes

6%

$126

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$249

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