REI Lense

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$3,099 (target)

402 Summerland Key Ln, Lafayette, LA 70508

3 beds • 2 baths • 1548 sqft

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This property might be a fair Mid-Term investment with a projected 4.05% first-year return on $76,191 initial cash invested.

4.05%

Cash On Cash

7.86%

Cap Rate

1.27

DSCR

$3,099

Rent

$257

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,099 income − $2,842 expenses = $257 cash flow

Income$3,099Mortgage P&I$1,43346%Property Taxes$2137%Insurance$1023%HOA$401%Management$37212%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34111%Cash Flow$257

Investment Breakdown

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Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,191

Downpayment

20%

$55,420

Closing costs

1%

$2,771

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,099

Total Expenses

$2,842

Mortgage P&I

46%

$1,433

Property Taxes

7%

$213

Home Insurance

3%

$102

HOA

1%

$40

Property Management

12%

$372

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$341

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