REI Lense

REI Lense

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$2,272 (target)

2120 Newton St, Gretna, LA 70056

3 beds • 2 baths • 1427 sqft

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This property could be a profitable Long-Term investment with a projected 12.66% first-year return on $44,562 initial cash invested.

12.66%

Cash On Cash

9.45%

Cap Rate

1.54

DSCR

$2,272

Rent

$470

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,272 income − $1,802 expenses = $470 cash flow

Income$2,272Mortgage P&I$1,08748%Property Taxes$472%Insurance$773%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%Cash Flow$470

Investment Breakdown

|

Purchase Price

$212k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,562

Downpayment

20%

$42,440

Closing costs

1%

$2,122

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,272

Total Expenses

$1,802

Mortgage P&I

48%

$1,087

Property Taxes

2%

$47

Home Insurance

3%

$77

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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