REI Lense

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$2,079 (target)

3609 Kent Ave, Metairie, LA 70006

3 beds • 2 baths • 1946 sqft

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This property might be a fair Long-Term investment with a projected 1.81% first-year return on $52,500 initial cash invested.

1.81%

Cash On Cash

6.97%

Cap Rate

1.14

DSCR

$2,079

Rent

$79

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,079 income − $2,000 expenses = $79 cash flow

Income$2,079Mortgage P&I$1,26961%Property Taxes$1025%Insurance$884%Management$20810%CapEx$1045%Vacancy$1256%Maintenance$1045%Cash Flow$79

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,079

Total Expenses

$2,000

Mortgage P&I

61%

$1,269

Property Taxes

5%

$102

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$208

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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