REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$4,855 (target)

3114 Palmyra St, New Orleans, LA 70119

3 beds • 3 baths • 3041 sqft

Email

This property might be a fair Long-Term investment with a projected 2.65% first-year return on $117k initial cash invested.

2.65%

Cash On Cash

7.22%

Cap Rate

1.18

DSCR

$4,855

Rent

$258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,855 income − $4,597 expenses = $258 cash flow

Income$4,855Mortgage P&I$2,85259%Property Taxes$2816%Insurance$2014%Management$48610%CapEx$2435%Vacancy$2916%Maintenance$2435%Cash Flow$258

Investment Breakdown

|

Purchase Price

$557k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$111k

Closing costs

1%

$5,569

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,855

Total Expenses

$4,597

Mortgage P&I

59%

$2,852

Property Taxes

6%

$281

Home Insurance

4%

$201

HOA

0%

$0

Property Management

10%

$486

CapEx

5%

$243

Vacancy

6%

$291

Maintenance

5%

$243

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis