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$3,603 (target)

213 Lemongrass Ln, Lafayette, LA 70503

3 beds • 3 baths • 2340 sqft

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This property looks like a bad Mid-Term investment with a projected -14.9% first-year return on $120k initial cash invested.

-14.9%

Cash On Cash

2.88%

Cap Rate

0.46

DSCR

$3,603

Rent

-$1,494

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,603 income − $5,097 expenses = $1,494 out of pocket

Income$3,603Out of Pocket$1,494Mortgage P&I$2,51870%Property Taxes$38911%Insurance$1865%HOA$78022%Management$43212%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39611%

Investment Breakdown

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Purchase Price

$487k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,460

Closing costs

1%

$4,873

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,603

Total Expenses

$5,097

Mortgage P&I

70%

$2,518

Property Taxes

11%

$389

Home Insurance

5%

$186

HOA

22%

$780

Property Management

12%

$432

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$396

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