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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 -20.25% first-year return on $95,595 initial cash invested.

-20.25%

Cash On Cash

0.78%

Cap Rate

0.13

DSCR

$1,484

Rent

-$1,613

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,484 income − $3,097 expenses = $1,613 out of pocket

Income$1,484Out of Pocket$1,613Mortgage P&I$1,794121%Property Taxes$46231%Insurance$1299%Management$22315%CapEx$594%Maintenance$594%Other$37125%

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

$1,484

Total Expenses

$3,097

Mortgage P&I

121%

$1,794

Property Taxes

31%

$462

Home Insurance

9%

$129

HOA

0%

$0

Property Management

15%

$223

CapEx

4%

$59

Vacancy

0%

$0

Maintenance

4%

$59

Other

25%

$371

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