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3618 N Miro St, New Orleans, LA 70117

3 beds • 3 baths • 1689 sqft

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This property looks like a bad Airbnb investment with a projected -5.6% first-year return on $79,656 initial cash invested.

-5.6%

Cash On Cash

4.65%

Cap Rate

0.81

DSCR

$2,691

Rent

-$372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,656

Downpayment

20%

$58,720

Closing costs

1%

$2,936

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,691

Total Expenses

$3,063

Mortgage P&I

52%

$1,401

Property Taxes

10%

$266

Home Insurance

4%

$103

HOA

0%

$0

Property Management

15%

$404

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$673

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