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$3,068 (target)

3608 Academy Dr, Metairie, LA 70003

3 beds • 2 baths • 1717 sqft

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This property could be a profitable Mid-Term investment with a projected 11.62% first-year return on $67,980 initial cash invested.

11.62%

Cash On Cash

10.16%

Cap Rate

1.63

DSCR

$3,068

Rent

$658

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,068 income − $2,410 expenses = $658 cash flow

Income$3,068Mortgage P&I$1,23540%Property Taxes$492%Insurance$833%Management$36812%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33711%Cash Flow$658

Investment Breakdown

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Purchase Price

$238k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,980

Downpayment

20%

$47,600

Closing costs

1%

$2,380

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,068

Total Expenses

$2,410

Mortgage P&I

40%

$1,235

Property Taxes

2%

$49

Home Insurance

3%

$83

HOA

0%

$0

Property Management

12%

$368

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$337

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