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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 -19.8% first-year return on $95,595 initial cash invested.

-19.8%

Cash On Cash

0.91%

Cap Rate

0.16

DSCR

$1,553

Rent

-$1,577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$1,553

Total Expenses

$3,130

Mortgage P&I

116%

$1,794

Property Taxes

30%

$462

Home Insurance

8%

$129

HOA

0%

$0

Property Management

15%

$233

CapEx

4%

$62

Vacancy

0%

$0

Maintenance

4%

$62

Other

25%

$388

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