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2219 Leon C Simon Dr, New Orleans, LA 70122

3 beds • 2 baths • 2845 sqft

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This property looks like a bad Airbnb investment with a projected -18.77% first-year return on $95,595 initial cash invested.

-18.77%

Cash On Cash

1.2%

Cap Rate

0.21

DSCR

$1,713

Rent

-$1,495

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,713 income − $3,208 expenses = $1,495 out of pocket

Income$1,713Out of Pocket$1,495Mortgage P&I$1,794105%Property Taxes$46227%Insurance$1298%Management$25715%CapEx$694%Maintenance$694%Other$42825%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,595

Downpayment

20%

$73,900

Closing costs

1%

$3,695

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,713

Total Expenses

$3,208

Mortgage P&I

105%

$1,794

Property Taxes

27%

$462

Home Insurance

8%

$129

HOA

0%

$0

Property Management

15%

$257

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$428

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