REI Lense

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$4,346 (target)

2021 S Chippewa St, New Orleans, LA 70130

3 beds • 3 baths • 1667 sqft

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This property looks like a bad Mid-Term investment with a projected -0.32% first-year return on $106k initial cash invested.

-0.32%

Cash On Cash

6.55%

Cap Rate

1.07

DSCR

$4,346

Rent

-$28

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,346 income − $4,374 expenses = $28 out of pocket

Income$4,346Out of Pocket$28Mortgage P&I$2,14749%Property Taxes$53912%Insurance$2105%Management$52212%CapEx$1744%Vacancy$1303%Maintenance$1744%Other$47811%

Investment Breakdown

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Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$84,080

Closing costs

1%

$4,204

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,346

Total Expenses

$4,374

Mortgage P&I

49%

$2,147

Property Taxes

12%

$539

Home Insurance

5%

$210

HOA

0%

$0

Property Management

12%

$522

CapEx

4%

$174

Vacancy

3%

$130

Maintenance

4%

$174

Other

11%

$478

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