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$2,722 (target)

24178 Chef Menteur Hwy, New Orleans, LA 70129

3 beds • 2 baths • 1334 sqft

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This property looks like a bad Mid-Term investment with a projected -6.75% first-year return on $96,540 initial cash invested.

-6.75%

Cash On Cash

4.69%

Cap Rate

0.77

DSCR

$2,722

Rent

-$543

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,722 income − $3,265 expenses = $543 out of pocket

Income$2,722Out of Pocket$543Mortgage P&I$1,89770%Property Taxes$30211%Insurance$1405%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$29911%

Investment Breakdown

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Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,540

Downpayment

20%

$74,800

Closing costs

1%

$3,740

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,722

Total Expenses

$3,265

Mortgage P&I

70%

$1,897

Property Taxes

11%

$302

Home Insurance

5%

$140

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$299

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