REI Lense

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$2,871 (target)

216 Grand Lakes Blvd, Alexandria, LA 71303

3 beds • 2 baths • 1603 sqft

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This property might be a fair Mid-Term investment with a projected 3.96% first-year return on $74,280 initial cash invested.

3.96%

Cash On Cash

7.48%

Cap Rate

1.27

DSCR

$2,871

Rent

$245

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,871 income − $2,626 expenses = $245 cash flow

Income$2,871Mortgage P&I$1,31146%Property Taxes$2157%Insurance$943%HOA$291%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%Cash Flow$245

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,280

Downpayment

20%

$53,600

Closing costs

1%

$2,680

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,871

Total Expenses

$2,626

Mortgage P&I

46%

$1,311

Property Taxes

7%

$215

Home Insurance

3%

$94

HOA

1%

$29

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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