REI Lense

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$2,238 (target)

1937 Foucher St, New Orleans, LA 70115

3 beds • 2 baths • 1225 sqft

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This property looks like a bad Long-Term investment with a projected -11.73% first-year return on $92,400 initial cash invested.

-11.73%

Cash On Cash

3.91%

Cap Rate

0.64

DSCR

$2,238

Rent

-$903

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,238 income − $3,141 expenses = $903 out of pocket

Income$2,238Out of Pocket$903Mortgage P&I$2,22599%Property Taxes$1808%Insurance$1547%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,400

Downpayment

20%

$88,000

Closing costs

1%

$4,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,238

Total Expenses

$3,141

Mortgage P&I

99%

$2,225

Property Taxes

8%

$180

Home Insurance

7%

$154

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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