REI Lense

REI Lense

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$1,536 (target)

401 Parkview Dr, New Iberia, LA 70563

3 beds • 2 baths • 2927 sqft

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This property looks like a bad Long-Term investment with a projected -13.04% first-year return on $73,500 initial cash invested.

-13.04%

Cash On Cash

3.43%

Cap Rate

0.58

DSCR

$1,536

Rent

-$799

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,536 income − $2,335 expenses = $799 out of pocket

Income$1,536Out of Pocket$799Mortgage P&I$1,722112%Property Taxes$916%Insurance$1228%Management$15410%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,536

Total Expenses

$2,335

Mortgage P&I

112%

$1,722

Property Taxes

6%

$91

Home Insurance

8%

$122

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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