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216 Grand Lakes Blvd, Alexandria, LA 71303

3 beds • 2 baths • 1603 sqft

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This property looks like a bad Airbnb investment with a projected -7.04% first-year return on $74,280 initial cash invested.

-7.04%

Cash On Cash

4.33%

Cap Rate

0.74

DSCR

$2,332

Rent

-$436

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,332 income − $2,768 expenses = $436 out of pocket

Income$2,332Out of Pocket$436Mortgage P&I$1,31156%Property Taxes$2159%Insurance$944%HOA$291%Management$35015%CapEx$934%Maintenance$934%Other$58325%

Investment Breakdown

|

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

$2,332

Total Expenses

$2,768

Mortgage P&I

56%

$1,311

Property Taxes

9%

$215

Home Insurance

4%

$94

HOA

1%

$29

Property Management

15%

$350

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$583

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