REI Lense

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$4,404 (target)

4017 Neyrey Dr, Metairie, LA 70002

3 beds • 3 baths • 2471 sqft

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This property could be a profitable Mid-Term investment with a projected 26.93% first-year return on $66,300 initial cash invested.

26.93%

Cash On Cash

15.31%

Cap Rate

2.31

DSCR

$4,404

Rent

$1,488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,404 income − $2,916 expenses = $1,488 cash flow

Income$4,404Mortgage P&I$1,27129%Property Taxes$692%Insurance$802%Management$52812%CapEx$1764%Vacancy$1323%Maintenance$1764%Other$48411%Cash Flow$1,488

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$4,404

Total Expenses

$2,916

Mortgage P&I

29%

$1,271

Property Taxes

2%

$69

Home Insurance

2%

$80

HOA

0%

$0

Property Management

12%

$528

CapEx

4%

$176

Vacancy

3%

$132

Maintenance

4%

$176

Other

11%

$484

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