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$4,608 (target)

3600 Lake Catherine Dr, Harvey, LA 70058

3 beds • 4 baths • 2588 sqft

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This property might be a fair Mid-Term investment with a projected 3.15% first-year return on $113k initial cash invested.

3.15%

Cash On Cash

7.31%

Cap Rate

1.21

DSCR

$4,608

Rent

$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,608 income − $4,313 expenses = $295 cash flow

Income$4,608Mortgage P&I$2,26349%Property Taxes$3217%Insurance$1583%HOA$5Management$55312%CapEx$1844%Vacancy$1383%Maintenance$1844%Other$50711%Cash Flow$295

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,608

Total Expenses

$4,313

Mortgage P&I

49%

$2,263

Property Taxes

7%

$321

Home Insurance

3%

$158

HOA

0%

$5

Property Management

12%

$553

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$507

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