REI Lense

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$3,266 (target)

206 Belle Grove Blvd, Lafayette, LA 70503

3 beds • 2 baths • 2327 sqft

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This property might be a fair Mid-Term investment with a projected 3.22% first-year return on $87,216 initial cash invested.

3.22%

Cash On Cash

7.28%

Cap Rate

1.22

DSCR

$3,266

Rent

$234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,266 income − $3,032 expenses = $234 cash flow

Income$3,266Mortgage P&I$1,63550%Property Taxes$1625%Insurance$1194%HOA$5Management$39212%CapEx$1314%Vacancy$983%Maintenance$1314%Other$35911%Cash Flow$234

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,216

Downpayment

20%

$65,920

Closing costs

1%

$3,296

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,266

Total Expenses

$3,032

Mortgage P&I

50%

$1,635

Property Taxes

5%

$162

Home Insurance

4%

$119

HOA

0%

$5

Property Management

12%

$392

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$359

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