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241 Grand Ave, Lafayette, LA 70503

3 beds • 2 baths • 2413 sqft

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This property looks like a bad Long-Term investment with a projected -6.91% first-year return on $75,936 initial cash invested.

-6.91%

Cash On Cash

4.81%

Cap Rate

0.82

DSCR

$2,230

Rent

-$437

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$362k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,936

Downpayment

20%

$72,320

Closing costs

1%

$3,616

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,230

Total Expenses

$2,667

Mortgage P&I

80%

$1,773

Property Taxes

8%

$182

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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