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$1,344 (target)

314 Cormier Rd, Carencro, LA 70520

3 beds • 2 baths • 1725 sqft

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This property might be a fair Mid-Term investment with a projected 2.31% first-year return on $45,762 initial cash invested.

2.31%

Cash On Cash

7.43%

Cap Rate

1.21

DSCR

$1,344

Rent

$88

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,344 income − $1,256 expenses = $88 cash flow

Income$1,344Mortgage P&I$67750%Property Taxes$756%Insurance$473%Management$16112%CapEx$544%Vacancy$403%Maintenance$544%Other$14811%Cash Flow$88

Investment Breakdown

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Purchase Price

$132k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,762

Downpayment

20%

$26,440

Closing costs

1%

$1,322

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$1,344

Total Expenses

$1,256

Mortgage P&I

50%

$677

Property Taxes

6%

$75

Home Insurance

4%

$47

HOA

0%

$0

Property Management

12%

$161

CapEx

4%

$54

Vacancy

3%

$40

Maintenance

4%

$54

Other

11%

$148

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