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405 Summerfest Dr, Lafayette, LA 70507

3 beds • 2 baths • 1675 sqft

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This property looks like a bad Airbnb investment with a projected -11.26% first-year return on $63,738 initial cash invested.

-11.26%

Cash On Cash

3.04%

Cap Rate

0.5

DSCR

$1,381

Rent

-$598

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,381 income − $1,979 expenses = $598 out of pocket

Income$1,381Out of Pocket$598Mortgage P&I$1,09479%Property Taxes$13610%Insurance$776%HOA$101%Management$20715%CapEx$554%Maintenance$554%Other$34525%

Investment Breakdown

|

Purchase Price

$218k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,738

Downpayment

20%

$43,560

Closing costs

1%

$2,178

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,381

Total Expenses

$1,979

Mortgage P&I

79%

$1,094

Property Taxes

10%

$136

Home Insurance

6%

$77

HOA

1%

$10

Property Management

15%

$207

CapEx

4%

$55

Vacancy

0%

$0

Maintenance

4%

$55

Other

25%

$345

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