REI Lense

REI Lense

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$3,642 (target)

225 Bordeaux St, Metairie, LA 70005

3 beds • 4 baths • 2300 sqft

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This property looks like a bad Long-Term investment with a projected -16.44% first-year return on $161k initial cash invested.

-16.44%

Cash On Cash

3.53%

Cap Rate

0.53

DSCR

$3,642

Rent

-$2,200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,642 income − $5,842 expenses = $2,200 out of pocket

Income$3,642Out of Pocket$2,200Mortgage P&I$4,268117%Property Taxes$3299%Insurance$2988%Management$36410%CapEx$1825%Vacancy$2196%Maintenance$1825%

Investment Breakdown

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Purchase Price

$765k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$153k

Closing costs

1%

$7,648

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,642

Total Expenses

$5,842

Mortgage P&I

117%

$4,268

Property Taxes

9%

$329

Home Insurance

8%

$298

HOA

0%

$0

Property Management

10%

$364

CapEx

5%

$182

Vacancy

6%

$219

Maintenance

5%

$182

Other

0%

$0

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