REI Lense

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$2,694 (target)

305 E Butcher Switch Rd, Lafayette, LA 70507

3 beds • 3 baths • 2182 sqft

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This property might be a fair Mid-Term investment with a projected 3.23% first-year return on $71,760 initial cash invested.

3.23%

Cash On Cash

7.6%

Cap Rate

1.23

DSCR

$2,694

Rent

$193

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,694 income − $2,501 expenses = $193 cash flow

Income$2,694Mortgage P&I$1,32149%Property Taxes$1746%Insurance$903%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%Cash Flow$193

Investment Breakdown

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Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,760

Downpayment

20%

$51,200

Closing costs

1%

$2,560

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,694

Total Expenses

$2,501

Mortgage P&I

49%

$1,321

Property Taxes

6%

$174

Home Insurance

3%

$90

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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