REI Lense

REI Lense

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$2,228 (target)

205 Beck St, Minden, LA 71055

3 beds • 2 baths • 1499 sqft

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This property could be a profitable Long-Term investment with a projected 58.86% first-year return on $20,979 initial cash invested.

58.86%

Cash On Cash

19.82%

Cap Rate

3.24

DSCR

$2,228

Rent

$1,029

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,228 income − $1,199 expenses = $1,029 cash flow

Income$2,228Mortgage P&I$51023%Property Taxes$753%Insurance$352%Management$22310%CapEx$1115%Vacancy$1346%Maintenance$1115%Cash Flow$1,029

Investment Breakdown

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Purchase Price

$99,900

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$20,979

Downpayment

20%

$19,980

Closing costs

1%

$999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,228

Total Expenses

$1,199

Mortgage P&I

23%

$510

Property Taxes

3%

$75

Home Insurance

2%

$35

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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