REI Lense

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$3,399 (target)

199 N Southlawn Dr, Lafayette, LA 70503

3 beds • 2 baths • 1963 sqft

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This property could be a profitable Mid-Term investment with a projected 10.09% first-year return on $75,057 initial cash invested.

10.09%

Cash On Cash

9.25%

Cap Rate

1.58

DSCR

$3,399

Rent

$631

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,399 income − $2,768 expenses = $631 cash flow

Income$3,399Mortgage P&I$1,32739%Property Taxes$1855%Insurance$1003%Management$40812%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37411%Cash Flow$631

Investment Breakdown

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Purchase Price

$272k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,057

Downpayment

20%

$54,340

Closing costs

1%

$2,717

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,399

Total Expenses

$2,768

Mortgage P&I

39%

$1,327

Property Taxes

5%

$185

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$408

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$374

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