REI Lense

REI Lense

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$2,020 (target)

3413 Tartan Dr, Metairie, LA 70003

3 beds • 2 baths • 1800 sqft

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This property could be a profitable Long-Term investment with a projected 10.17% first-year return on $41,790 initial cash invested.

10.17%

Cash On Cash

8.89%

Cap Rate

1.45

DSCR

$2,020

Rent

$354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,020 income − $1,666 expenses = $354 cash flow

Income$2,020Mortgage P&I$1,01950%Property Taxes$523%Insurance$703%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%Cash Flow$354

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,020

Total Expenses

$1,666

Mortgage P&I

50%

$1,019

Property Taxes

3%

$52

Home Insurance

3%

$70

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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