REI Lense

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$2,596 (target)

2022 Oriole St, Slidell, LA 70460

3 beds • 2 baths • 1650 sqft

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This property could be a profitable Mid-Term investment with a projected 11.74% first-year return on $59,160 initial cash invested.

11.74%

Cash On Cash

10.39%

Cap Rate

1.67

DSCR

$2,596

Rent

$579

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,596 income − $2,017 expenses = $579 cash flow

Income$2,596Mortgage P&I$1,01439%Property Taxes$492%Insurance$703%Management$31212%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28611%Cash Flow$579

Investment Breakdown

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Purchase Price

$196k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,160

Downpayment

20%

$39,200

Closing costs

1%

$1,960

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,596

Total Expenses

$2,017

Mortgage P&I

39%

$1,014

Property Taxes

2%

$49

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$312

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$286

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