REI Lense

REI Lense

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$2,291 (target)

244 Springhill Rd, Monroe, LA 71203

3 beds • 2 baths • 1745 sqft

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This property looks like a bad Long-Term investment with a projected -3.11% first-year return on $68,649 initial cash invested.

-3.11%

Cash On Cash

5.87%

Cap Rate

0.96

DSCR

$2,291

Rent

-$178

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,291 income − $2,469 expenses = $178 out of pocket

Income$2,291Out of Pocket$178Mortgage P&I$1,66273%Property Taxes$944%Insurance$1175%Management$22910%CapEx$1155%Vacancy$1376%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,649

Downpayment

20%

$65,380

Closing costs

1%

$3,269

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,291

Total Expenses

$2,469

Mortgage P&I

73%

$1,662

Property Taxes

4%

$94

Home Insurance

5%

$117

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$115

Vacancy

6%

$137

Maintenance

5%

$115

Other

0%

$0

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