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$3,045 (target)

3879 Magellan St, New Orleans, LA 70114

3 beds • 2 baths • 1638 sqft

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This property could be a profitable Mid-Term investment with a projected 24.29% first-year return on $48,765 initial cash invested.

24.29%

Cash On Cash

15.47%

Cap Rate

2.42

DSCR

$3,045

Rent

$987

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,045 income − $2,058 expenses = $987 cash flow

Income$3,045Mortgage P&I$78026%Property Taxes$1615%Insurance$823%Management$36512%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33511%Cash Flow$987

Investment Breakdown

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Purchase Price

$147k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,765

Downpayment

20%

$29,300

Closing costs

1%

$1,465

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$3,045

Total Expenses

$2,058

Mortgage P&I

26%

$780

Property Taxes

5%

$161

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$365

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$335

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