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3060 Sullen Pl, New Orleans, LA 70131

3 beds • 2 baths • 1340 sqft

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This property might be a fair Airbnb investment with a projected 6.45% first-year return on $55,590 initial cash invested.

6.45%

Cash On Cash

8.65%

Cap Rate

1.45

DSCR

$2,557

Rent

$299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$179k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,590

Downpayment

20%

$35,800

Closing costs

1%

$1,790

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,557

Total Expenses

$2,258

Mortgage P&I

35%

$890

Property Taxes

3%

$78

Home Insurance

2%

$63

HOA

0%

$0

Property Management

15%

$384

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$639

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