REI Lense

REI Lense

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$1,709 (target)

2015 Simmons St, Alexandria, LA 71301

3 beds • 3 baths • 2179 sqft

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This property might be a fair Long-Term investment with a projected 6.14% first-year return on $36,750 initial cash invested.

6.14%

Cash On Cash

8.57%

Cap Rate

1.28

DSCR

$1,709

Rent

$188

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,709 income − $1,521 expenses = $188 cash flow

Income$1,709Mortgage P&I$97757%Property Taxes$392%Insurance$614%Management$17110%CapEx$855%Vacancy$1036%Maintenance$855%Cash Flow$188

Investment Breakdown

|

Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,750

Downpayment

20%

$35,000

Closing costs

1%

$1,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,709

Total Expenses

$1,521

Mortgage P&I

57%

$977

Property Taxes

2%

$39

Home Insurance

4%

$61

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$103

Maintenance

5%

$85

Other

0%

$0

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