REI Lense

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$3,384 (target)

209 Grassland Ave, Lafayette, LA 70508

3 beds • 2 baths • 1668 sqft

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This property might be a fair Mid-Term investment with a projected 7.48% first-year return on $76,380 initial cash invested.

7.48%

Cash On Cash

8.83%

Cap Rate

1.43

DSCR

$3,384

Rent

$476

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,384 income − $2,908 expenses = $476 cash flow

Income$3,384Mortgage P&I$1,43542%Property Taxes$1926%Insurance$983%HOA$331%Management$40612%CapEx$1354%Vacancy$1023%Maintenance$1354%Other$37211%Cash Flow$476

Investment Breakdown

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Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,380

Downpayment

20%

$55,600

Closing costs

1%

$2,780

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,384

Total Expenses

$2,908

Mortgage P&I

42%

$1,435

Property Taxes

6%

$192

Home Insurance

3%

$98

HOA

1%

$33

Property Management

12%

$406

CapEx

4%

$135

Vacancy

3%

$102

Maintenance

4%

$135

Other

11%

$372

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