REI Lense

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$1,423 (target)

2590 Grand Prairie Hwy, Rayne, LA 70578

3 beds • 2 baths • 1456 sqft

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This property might be a fair Long-Term investment with a projected 2.75% first-year return on $34,020 initial cash invested.

2.75%

Cash On Cash

7.73%

Cap Rate

1.17

DSCR

$1,423

Rent

$78

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,423 income − $1,345 expenses = $78 cash flow

Income$1,423Mortgage P&I$89563%Property Taxes$232%Insurance$584%Management$14210%CapEx$715%Vacancy$856%Maintenance$715%Cash Flow$78

Investment Breakdown

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Purchase Price

$162k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,020

Downpayment

20%

$32,400

Closing costs

1%

$1,620

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,423

Total Expenses

$1,345

Mortgage P&I

63%

$895

Property Taxes

2%

$23

Home Insurance

4%

$58

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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