REI Lense

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$2,818 (target)

3516 Connecticut Ave, Kenner, LA 70065

3 beds • 2 baths • 1400 sqft

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This property might be a fair Mid-Term investment with a projected 9.67% first-year return on $65,250 initial cash invested.

9.67%

Cash On Cash

9.58%

Cap Rate

1.55

DSCR

$2,818

Rent

$526

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,818 income − $2,292 expenses = $526 cash flow

Income$2,818Mortgage P&I$1,15841%Property Taxes$963%Insurance$793%Management$33812%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31011%Cash Flow$526

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,818

Total Expenses

$2,292

Mortgage P&I

41%

$1,158

Property Taxes

3%

$96

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$310

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