REI Lense

REI Lense

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$2,003 (target)

3001 Main St, La Place, LA 70068

3 beds • 2 baths • 1881 sqft

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This property might be a fair Long-Term investment with a projected 5.4% first-year return on $45,990 initial cash invested.

5.4%

Cash On Cash

7.91%

Cap Rate

1.27

DSCR

$2,003

Rent

$207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,003 income − $1,796 expenses = $207 cash flow

Income$2,003Mortgage P&I$1,13657%Property Taxes$633%Insurance$774%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%Cash Flow$207

Investment Breakdown

|

Purchase Price

$219k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,990

Downpayment

20%

$43,800

Closing costs

1%

$2,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,003

Total Expenses

$1,796

Mortgage P&I

57%

$1,136

Property Taxes

3%

$63

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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