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$7,282 (target)

3114 Palmyra St, New Orleans, LA 70119

3 beds • 3 baths • 3041 sqft

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This property could be a profitable Mid-Term investment with a projected 13.1% first-year return on $135k initial cash invested.

13.1%

Cash On Cash

9.95%

Cap Rate

1.62

DSCR

$7,282

Rent

$1,473

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,282 income − $5,809 expenses = $1,473 cash flow

Income$7,282Mortgage P&I$2,85239%Property Taxes$2814%Insurance$2013%Management$87412%CapEx$2914%Vacancy$2183%Maintenance$2914%Other$80111%Cash Flow$1,473

Investment Breakdown

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Purchase Price

$557k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$111k

Closing costs

1%

$5,569

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$7,282

Total Expenses

$5,809

Mortgage P&I

39%

$2,852

Property Taxes

4%

$281

Home Insurance

3%

$201

HOA

0%

$0

Property Management

12%

$874

CapEx

4%

$291

Vacancy

3%

$218

Maintenance

4%

$291

Other

11%

$801

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