REI Lense

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$1,434 (target)

215 Frisby St, New Iberia, LA 70563

3 beds • 2 baths • 1377 sqft

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This property might be a fair Long-Term investment with a projected 6.75% first-year return on $32,550 initial cash invested.

6.75%

Cash On Cash

8.21%

Cap Rate

1.32

DSCR

$1,434

Rent

$183

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,434 income − $1,251 expenses = $183 cash flow

Income$1,434Mortgage P&I$80656%Property Taxes$181%Insurance$544%Management$14310%CapEx$725%Vacancy$866%Maintenance$725%Cash Flow$183

Investment Breakdown

|

Purchase Price

$155k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$32,550

Downpayment

20%

$31,000

Closing costs

1%

$1,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,434

Total Expenses

$1,251

Mortgage P&I

56%

$806

Property Taxes

1%

$18

Home Insurance

4%

$54

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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