REI Lense

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$1,827 (target)

308 Phils Ln, Lake Charles, LA 70611

3 beds • 2 baths • 1710 sqft

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This property might be a fair Long-Term investment with a projected 8.84% first-year return on $39,627 initial cash invested.

8.84%

Cash On Cash

8.53%

Cap Rate

1.4

DSCR

$1,827

Rent

$292

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,827 income − $1,535 expenses = $292 cash flow

Income$1,827Mortgage P&I$95852%Property Taxes$644%Insurance$382%Management$18310%CapEx$915%Vacancy$1106%Maintenance$915%Cash Flow$292

Investment Breakdown

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Purchase Price

$189k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,627

Downpayment

20%

$37,740

Closing costs

1%

$1,887

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,827

Total Expenses

$1,535

Mortgage P&I

52%

$958

Property Taxes

4%

$64

Home Insurance

2%

$38

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$91

Vacancy

6%

$110

Maintenance

5%

$91

Other

0%

$0

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