REI Lense

REI Lense

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$2,004 (target)

321 Orgeron Dr, Lafayette, LA 70506

3 beds • 2 baths • 1987 sqft

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This property might be a fair Long-Term investment with a projected 0.56% first-year return on $49,308 initial cash invested.

0.56%

Cash On Cash

6.87%

Cap Rate

1.1

DSCR

$2,004

Rent

$23

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,004 income − $1,981 expenses = $23 cash flow

Income$2,004Mortgage P&I$1,22161%Property Taxes$1568%Insurance$844%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%Cash Flow$23

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,308

Downpayment

20%

$46,960

Closing costs

1%

$2,348

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,004

Total Expenses

$1,981

Mortgage P&I

61%

$1,221

Property Taxes

8%

$156

Home Insurance

4%

$84

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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