REI Lense

REI Lense

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$2,066 (target)

402 Summerland Key Ln, Lafayette, LA 70508

3 beds • 2 baths • 1548 sqft

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This property looks like a bad Long-Term investment with a projected -5.34% first-year return on $58,191 initial cash invested.

-5.34%

Cash On Cash

5.53%

Cap Rate

0.89

DSCR

$2,066

Rent

-$259

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,066 income − $2,325 expenses = $259 out of pocket

Income$2,066Out of Pocket$259Mortgage P&I$1,43369%Property Taxes$21310%Insurance$1025%HOA$402%Management$20710%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,191

Downpayment

20%

$55,420

Closing costs

1%

$2,771

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,066

Total Expenses

$2,325

Mortgage P&I

69%

$1,433

Property Taxes

10%

$213

Home Insurance

5%

$102

HOA

2%

$40

Property Management

10%

$207

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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