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3510 Octavia St, New Orleans, LA 70125

4 beds • 4 baths • 3584 sqft

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This property looks like a bad Airbnb investment with a projected -15.09% first-year return on $223k initial cash invested.

-15.09%

Cash On Cash

2.76%

Cap Rate

0.46

DSCR

$5,777

Rent

-$2,808

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$949k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$223k

Downpayment

20%

$190k

Closing costs

1%

$9,490

Rehab

0%

$0

Furnishing

3%

$24,000

Cashflow

Total Income

$5,777

Total Expenses

$8,585

Mortgage P&I

82%

$4,759

Property Taxes

12%

$721

Home Insurance

6%

$332

HOA

0%

$0

Property Management

15%

$867

CapEx

4%

$231

Vacancy

0%

$0

Maintenance

4%

$231

Other

25%

$1,444

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