REI Lense

REI Lense

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$1,806 (target)

208 Castle Row, Lafayette, LA 70506

3 beds • 2 baths • 1702 sqft

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This property might be a fair Long-Term investment with a projected 4% first-year return on $41,685 initial cash invested.

4%

Cash On Cash

7.53%

Cap Rate

1.23

DSCR

$1,806

Rent

$139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,806 income − $1,667 expenses = $139 cash flow

Income$1,806Mortgage P&I$1,01756%Property Taxes$1116%Insurance$704%Management$18110%CapEx$905%Vacancy$1086%Maintenance$905%Cash Flow$139

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,685

Downpayment

20%

$39,700

Closing costs

1%

$1,985

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,806

Total Expenses

$1,667

Mortgage P&I

56%

$1,017

Property Taxes

6%

$111

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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