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244 Springhill Rd, Monroe, LA 71203

3 beds • 2 baths • 1745 sqft

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This property looks like a bad Airbnb investment with a projected -5.58% first-year return on $86,649 initial cash invested.

-5.58%

Cash On Cash

5.04%

Cap Rate

0.83

DSCR

$2,827

Rent

-$403

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,827 income − $3,230 expenses = $403 out of pocket

Income$2,827Out of Pocket$403Mortgage P&I$1,66259%Property Taxes$943%Insurance$1174%Management$42415%CapEx$1134%Maintenance$1134%Other$70725%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,649

Downpayment

20%

$65,380

Closing costs

1%

$3,269

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,827

Total Expenses

$3,230

Mortgage P&I

59%

$1,662

Property Taxes

3%

$94

Home Insurance

4%

$117

HOA

0%

$0

Property Management

15%

$424

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$707

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