REI Lense

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$2,045 (target)

3608 Academy Dr, Metairie, LA 70003

3 beds • 2 baths • 1717 sqft

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This property might be a fair Long-Term investment with a projected 3.53% first-year return on $49,980 initial cash invested.

3.53%

Cash On Cash

7.48%

Cap Rate

1.2

DSCR

$2,045

Rent

$147

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,045 income − $1,898 expenses = $147 cash flow

Income$2,045Mortgage P&I$1,23560%Property Taxes$492%Insurance$834%Management$20410%CapEx$1025%Vacancy$1236%Maintenance$1025%Cash Flow$147

Investment Breakdown

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Purchase Price

$238k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,980

Downpayment

20%

$47,600

Closing costs

1%

$2,380

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,045

Total Expenses

$1,898

Mortgage P&I

60%

$1,235

Property Taxes

2%

$49

Home Insurance

4%

$83

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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