REI Lense

REI Lense

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$3,072 (target)

3600 Lake Catherine Dr, Harvey, LA 70058

3 beds • 4 baths • 2588 sqft

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This property looks like a bad Long-Term investment with a projected -6.02% first-year return on $94,500 initial cash invested.

-6.02%

Cash On Cash

5.18%

Cap Rate

0.86

DSCR

$3,072

Rent

-$474

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,072 income − $3,546 expenses = $474 out of pocket

Income$3,072Out of Pocket$474Mortgage P&I$2,26374%Property Taxes$32110%Insurance$1585%HOA$5Management$30710%CapEx$1545%Vacancy$1846%Maintenance$1545%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,500

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,072

Total Expenses

$3,546

Mortgage P&I

74%

$2,263

Property Taxes

10%

$321

Home Insurance

5%

$158

HOA

0%

$5

Property Management

10%

$307

CapEx

5%

$154

Vacancy

6%

$184

Maintenance

5%

$154

Other

0%

$0

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