REI Lense

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$3,586 (target)

214 Fairhope Dr, Monroe, LA 71203

3 beds • 2 baths • 1850 sqft

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This property might be a fair Mid-Term investment with a projected 7.52% first-year return on $78,879 initial cash invested.

7.52%

Cash On Cash

8.79%

Cap Rate

1.43

DSCR

$3,586

Rent

$494

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,586 income − $3,092 expenses = $494 cash flow

Income$3,586Mortgage P&I$1,48741%Property Taxes$2647%Insurance$1023%HOA$211%Management$43012%CapEx$1434%Vacancy$1083%Maintenance$1434%Other$39411%Cash Flow$494

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,586

Total Expenses

$3,092

Mortgage P&I

41%

$1,487

Property Taxes

7%

$264

Home Insurance

3%

$102

HOA

1%

$21

Property Management

12%

$430

CapEx

4%

$143

Vacancy

3%

$108

Maintenance

4%

$143

Other

11%

$394

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