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3114 Palmyra St, New Orleans, LA 70119

3 beds • 3 baths • 3041 sqft

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This property looks like a bad Airbnb investment with a projected -11.63% first-year return on $135k initial cash invested.

-11.63%

Cash On Cash

3.66%

Cap Rate

0.6

DSCR

$3,896

Rent

-$1,308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,896 income − $5,204 expenses = $1,308 out of pocket

Income$3,896Out of Pocket$1,308Mortgage P&I$2,85273%Property Taxes$2817%Insurance$2015%Management$58415%CapEx$1564%Maintenance$1564%Other$97425%

Investment Breakdown

|

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

$3,896

Total Expenses

$5,204

Mortgage P&I

73%

$2,852

Property Taxes

7%

$281

Home Insurance

5%

$201

HOA

0%

$0

Property Management

15%

$584

CapEx

4%

$156

Vacancy

0%

$0

Maintenance

4%

$156

Other

25%

$974

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