REI Lense

REI Lense

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$2,399 (target)

232 West Ave, Harahan, LA 70123

3 beds • 2 baths • 1357 sqft

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This property looks like a bad Long-Term investment with a projected -5.84% first-year return on $75,453 initial cash invested.

-5.84%

Cash On Cash

5.09%

Cap Rate

0.86

DSCR

$2,399

Rent

-$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,399 income − $2,766 expenses = $367 out of pocket

Income$2,399Out of Pocket$367Mortgage P&I$1,77274%Property Taxes$23910%Insurance$1315%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,453

Downpayment

20%

$71,860

Closing costs

1%

$3,593

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,399

Total Expenses

$2,766

Mortgage P&I

74%

$1,772

Property Taxes

10%

$239

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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