REI Lense

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$2,624 (target)

3420 Roman St, Metairie, LA 70001

3 beds • 2 baths • 2443 sqft

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This property looks like a bad Long-Term investment with a projected -9.75% first-year return on $108k initial cash invested.

-9.75%

Cash On Cash

4.17%

Cap Rate

0.71

DSCR

$2,624

Rent

-$879

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,624 income − $3,503 expenses = $879 out of pocket

Income$2,624Out of Pocket$879Mortgage P&I$2,53997%Property Taxes$1034%Insurance$1807%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

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Purchase Price

$515k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$103k

Closing costs

1%

$5,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,624

Total Expenses

$3,503

Mortgage P&I

97%

$2,539

Property Taxes

4%

$103

Home Insurance

7%

$180

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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