REI Lense

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$1,722 (target)

2628 Ravenway Dr, Lake charles, LA 70611

3 beds • 2 baths • 1614 sqft

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This property looks like a bad Long-Term investment with a projected -7.26% first-year return on $55,188 initial cash invested.

-7.26%

Cash On Cash

4.91%

Cap Rate

0.81

DSCR

$1,722

Rent

-$334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,722 income − $2,056 expenses = $334 out of pocket

Income$1,722Out of Pocket$334Mortgage P&I$1,32377%Property Taxes$19411%Insurance$925%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,188

Downpayment

20%

$52,560

Closing costs

1%

$2,628

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,722

Total Expenses

$2,056

Mortgage P&I

77%

$1,323

Property Taxes

11%

$194

Home Insurance

5%

$92

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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