REI Lense

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$2,304 (target)

401 Parkview Dr, New Iberia, LA 70563

3 beds • 2 baths • 2927 sqft

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This property looks like a bad Mid-Term investment with a projected -5.42% first-year return on $91,500 initial cash invested.

-5.42%

Cash On Cash

4.8%

Cap Rate

0.81

DSCR

$2,304

Rent

-$413

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,304 income − $2,717 expenses = $413 out of pocket

Income$2,304Out of Pocket$413Mortgage P&I$1,72275%Property Taxes$914%Insurance$1225%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,304

Total Expenses

$2,717

Mortgage P&I

75%

$1,722

Property Taxes

4%

$91

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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