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$2,907 (target)

309 Cornelius Dr, Lafayette, LA 70508

3 beds • 2 baths • 2250 sqft

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This property might be a fair Mid-Term investment with a projected 3.83% first-year return on $76,065 initial cash invested.

3.83%

Cash On Cash

7.59%

Cap Rate

1.26

DSCR

$2,907

Rent

$243

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,907 income − $2,664 expenses = $243 cash flow

Income$2,907Mortgage P&I$1,38948%Property Taxes$1967%Insurance$913%Management$34912%CapEx$1164%Vacancy$873%Maintenance$1164%Other$32011%Cash Flow$243

Investment Breakdown

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Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,065

Downpayment

20%

$55,300

Closing costs

1%

$2,765

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,907

Total Expenses

$2,664

Mortgage P&I

48%

$1,389

Property Taxes

7%

$196

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$349

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$320

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