REI Lense

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$2,622 (target)

3113 Nelson St, Alexandria, LA 71301

3 beds • 2 baths • 2386 sqft

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This property might be a fair Mid-Term investment with a projected 7.44% first-year return on $66,090 initial cash invested.

7.44%

Cash On Cash

9%

Cap Rate

1.43

DSCR

$2,622

Rent

$410

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,622 income − $2,212 expenses = $410 cash flow

Income$2,622Mortgage P&I$1,20346%Property Taxes$371%Insurance$803%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28811%Cash Flow$410

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,090

Downpayment

20%

$45,800

Closing costs

1%

$2,290

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,622

Total Expenses

$2,212

Mortgage P&I

46%

$1,203

Property Taxes

1%

$37

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$288

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