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307 Grassland Ave, Lafayette, LA 70508

3 beds • 2 baths • 1648 sqft

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This property looks like a bad Airbnb investment with a projected -17.33% first-year return on $76,590 initial cash invested.

-17.33%

Cash On Cash

1.41%

Cap Rate

0.24

DSCR

$1,142

Rent

-$1,106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,142 income − $2,248 expenses = $1,106 out of pocket

Income$1,142Out of Pocket$1,106Mortgage P&I$1,388122%Property Taxes$19117%Insurance$989%HOA$222%Management$17115%CapEx$464%Maintenance$464%Other$28625%

Investment Breakdown

|

Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,590

Downpayment

20%

$55,800

Closing costs

1%

$2,790

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,142

Total Expenses

$2,248

Mortgage P&I

122%

$1,388

Property Taxes

17%

$191

Home Insurance

9%

$98

HOA

2%

$22

Property Management

15%

$171

CapEx

4%

$46

Vacancy

0%

$0

Maintenance

4%

$46

Other

25%

$286

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