REI Lense

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$2,431 (target)

2929 Amelia St, New Orleans, LA 70115

3 beds • 2 baths • 1424 sqft

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This property looks like a bad Long-Term investment with a projected -2.48% first-year return on $65,226 initial cash invested.

-2.48%

Cash On Cash

6.14%

Cap Rate

0.99

DSCR

$2,431

Rent

-$135

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,431 income − $2,566 expenses = $135 out of pocket

Income$2,431Out of Pocket$135Mortgage P&I$1,60366%Property Taxes$2189%Insurance$1125%Management$24310%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

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Purchase Price

$311k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,226

Downpayment

20%

$62,120

Closing costs

1%

$3,106

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,431

Total Expenses

$2,566

Mortgage P&I

66%

$1,603

Property Taxes

9%

$218

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$243

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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