REI Lense

REI Lense

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$1,296 (target)

300 S Main St, Springhill, LA 71075

3 beds • 2 baths • 1489 sqft

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This property might be a fair Mid-Term investment with a projected 1.04% first-year return on $47,379 initial cash invested.

1.04%

Cash On Cash

6.97%

Cap Rate

1.13

DSCR

$1,296

Rent

$41

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,296 income − $1,255 expenses = $41 cash flow

Income$1,296Mortgage P&I$72056%Property Taxes$443%Insurance$494%Management$15612%CapEx$524%Vacancy$393%Maintenance$524%Other$14311%Cash Flow$41

Investment Breakdown

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Purchase Price

$140k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,379

Downpayment

20%

$27,980

Closing costs

1%

$1,399

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$1,296

Total Expenses

$1,255

Mortgage P&I

56%

$720

Property Taxes

3%

$44

Home Insurance

4%

$49

HOA

0%

$0

Property Management

12%

$156

CapEx

4%

$52

Vacancy

3%

$39

Maintenance

4%

$52

Other

11%

$143

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