REI Lense

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$1,652 (target)

2022 Polk St, Alexandria, LA 71301

3 beds • 2 baths • 1743 sqft

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This property might be a fair Long-Term investment with a projected 2.03% first-year return on $39,039 initial cash invested.

2.03%

Cash On Cash

7.11%

Cap Rate

1.16

DSCR

$1,652

Rent

$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,652 income − $1,586 expenses = $66 cash flow

Income$1,652Mortgage P&I$95258%Property Taxes$1388%Insurance$664%Management$16510%CapEx$835%Vacancy$996%Maintenance$835%Cash Flow$66

Investment Breakdown

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Purchase Price

$186k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,039

Downpayment

20%

$37,180

Closing costs

1%

$1,859

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,652

Total Expenses

$1,586

Mortgage P&I

58%

$952

Property Taxes

8%

$138

Home Insurance

4%

$66

HOA

0%

$0

Property Management

10%

$165

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

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