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4005 Ferran Dr, Metairie, LA 70002

3 beds • 3 baths • 1758 sqft

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This property looks like a bad Airbnb investment with a projected -0.66% first-year return on $87,090 initial cash invested.

-0.66%

Cash On Cash

6.25%

Cap Rate

1.05

DSCR

$3,339

Rent

-$48

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,339 income − $3,387 expenses = $48 out of pocket

Income$3,339Out of Pocket$48Mortgage P&I$1,62749%Property Taxes$411%Insurance$1153%Management$50115%CapEx$1344%Maintenance$1344%Other$83525%

Investment Breakdown

|

Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,339

Total Expenses

$3,387

Mortgage P&I

49%

$1,627

Property Taxes

1%

$41

Home Insurance

3%

$115

HOA

0%

$0

Property Management

15%

$501

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$835

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