REI Lense

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$3,030 (target)

3413 Tartan Dr, Metairie, LA 70003

3 beds • 2 baths • 1800 sqft

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This property could be a profitable Mid-Term investment with a projected 17.24% first-year return on $59,790 initial cash invested.

17.24%

Cash On Cash

12.05%

Cap Rate

1.96

DSCR

$3,030

Rent

$859

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,030 income − $2,171 expenses = $859 cash flow

Income$3,030Mortgage P&I$1,01934%Property Taxes$522%Insurance$702%Management$36412%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%Cash Flow$859

Investment Breakdown

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Purchase Price

$199k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,030

Total Expenses

$2,171

Mortgage P&I

34%

$1,019

Property Taxes

2%

$52

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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