REI Lense

REI Lense

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$1,892 (target)

218 Acorn Dr, Lafayette, LA 70507

3 beds • 2 baths • 1881 sqft

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This property might be a fair Long-Term investment with a projected 1.79% first-year return on $45,024 initial cash invested.

1.79%

Cash On Cash

7.13%

Cap Rate

1.15

DSCR

$1,892

Rent

$67

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,892 income − $1,825 expenses = $67 cash flow

Income$1,892Mortgage P&I$1,11259%Property Taxes$1458%Insurance$754%Management$18910%CapEx$955%Vacancy$1146%Maintenance$955%Cash Flow$67

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,024

Downpayment

20%

$42,880

Closing costs

1%

$2,144

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,892

Total Expenses

$1,825

Mortgage P&I

59%

$1,112

Property Taxes

8%

$145

Home Insurance

4%

$75

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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