REI Lense

REI Lense

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$1,306 (target)

214 Tennessee St, Lafayette, LA 70501

3 beds • 2 baths • 1493 sqft

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This property might be a fair Long-Term investment with a projected 1.28% first-year return on $32,844 initial cash invested.

1.28%

Cash On Cash

6.91%

Cap Rate

1.12

DSCR

$1,306

Rent

$35

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,306 income − $1,271 expenses = $35 cash flow

Income$1,306Mortgage P&I$80161%Property Taxes$756%Insurance$564%Management$13110%CapEx$655%Vacancy$786%Maintenance$655%Cash Flow$35

Investment Breakdown

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Purchase Price

$156k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$32,844

Downpayment

20%

$31,280

Closing costs

1%

$1,564

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,306

Total Expenses

$1,271

Mortgage P&I

61%

$801

Property Taxes

6%

$75

Home Insurance

4%

$56

HOA

0%

$0

Property Management

10%

$131

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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