REI Lense

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$3,224 (target)

344 Belmont Dr, Opelousas, LA 70570

3 beds • 2 baths • 1407 sqft

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This property could be a profitable Mid-Term investment with a projected 24.64% first-year return on $54,750 initial cash invested.

24.64%

Cash On Cash

14.82%

Cap Rate

2.38

DSCR

$3,224

Rent

$1,124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,224 income − $2,100 expenses = $1,124 cash flow

Income$3,224Mortgage P&I$90828%Property Taxes$341%Insurance$612%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%Cash Flow$1,124

Investment Breakdown

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Purchase Price

$175k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,750

Downpayment

20%

$35,000

Closing costs

1%

$1,750

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$3,224

Total Expenses

$2,100

Mortgage P&I

28%

$908

Property Taxes

1%

$34

Home Insurance

2%

$61

HOA

0%

$0

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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