REI Lense

REI Lense

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$1,803 (target)

2604 Lafayette St, Gretna, LA 70053

3 beds • 2 baths • 1200 sqft

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This property might be a fair Long-Term investment with a projected 4.02% first-year return on $41,790 initial cash invested.

4.02%

Cash On Cash

7.53%

Cap Rate

1.23

DSCR

$1,803

Rent

$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,803 income − $1,663 expenses = $140 cash flow

Income$1,803Mortgage P&I$1,01957%Property Taxes$1066%Insurance$704%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%Cash Flow$140

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,803

Total Expenses

$1,663

Mortgage P&I

57%

$1,019

Property Taxes

6%

$106

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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