REI Lense

REI Lense

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$2,092 (target)

4001 Green Acres Rd, Metairie, LA 70003

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -2.87% first-year return on $64,050 initial cash invested.

-2.87%

Cash On Cash

5.84%

Cap Rate

0.97

DSCR

$2,092

Rent

-$153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,092 income − $2,245 expenses = $153 out of pocket

Income$2,092Out of Pocket$153Mortgage P&I$1,53273%Property Taxes$613%Insurance$1075%Management$20910%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,092

Total Expenses

$2,245

Mortgage P&I

73%

$1,532

Property Taxes

3%

$61

Home Insurance

5%

$107

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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