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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 Airbnb investment with a projected -5.47% first-year return on $93,936 initial cash invested.

-5.47%

Cash On Cash

4.89%

Cap Rate

0.83

DSCR

$3,189

Rent

-$428

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

$93,936

Downpayment

20%

$72,320

Closing costs

1%

$3,616

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,189

Total Expenses

$3,617

Mortgage P&I

56%

$1,773

Property Taxes

6%

$182

Home Insurance

4%

$131

HOA

0%

$0

Property Management

15%

$478

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$797

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