REI Lense

REI Lense

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 -5.46% first-year return on $86,649 initial cash invested.

-5.46%

Cash On Cash

5.07%

Cap Rate

0.83

DSCR

$2,846

Rent

-$394

Cashflow

Cash Flow

$2,846 income − $3,240 expenses = $394 out of pocket

Income$2,846Out ofPocket$394P&I$1,66258%Taxes$943%Insurance$1174%Mgmt$42715%CapEx$1144%Maint.$1144%Other$71225%

Investment Breakdown

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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

$2,846

Total Expenses

$3,240

Mortgage P&I

58%

$1,662

Property Taxes

3%

$94

Home Insurance

4%

$117

HOA

0%

$0

Property Management

15%

$427

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$712

See Monroe, LA short-term rental market →

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