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$1,678 (target)

406 3rd St NW, Springhill, LA 71075

3 beds • 2 baths • 2268 sqft

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This property could be a profitable Long-Term investment with a projected 18.46% first-year return on $29,379 initial cash invested.

18.46%

Cash On Cash

10.57%

Cap Rate

1.77

DSCR

$1,678

Rent

$452

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,678 income − $1,226 expenses = $452 cash flow

Income$1,678Mortgage P&I$69641%Property Taxes$443%Insurance$493%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%Cash Flow$452

Investment Breakdown

|

Purchase Price

$140k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,379

Downpayment

20%

$27,980

Closing costs

1%

$1,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,678

Total Expenses

$1,226

Mortgage P&I

41%

$696

Property Taxes

3%

$44

Home Insurance

3%

$49

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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