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$2,517 (target)

406 3rd St NW, Springhill, LA 71075

3 beds • 2 baths • 2268 sqft

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This property could be a profitable Mid-Term investment with a projected 22.06% first-year return on $47,379 initial cash invested.

22.06%

Cash On Cash

14.31%

Cap Rate

2.4

DSCR

$2,517

Rent

$871

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,517 income − $1,646 expenses = $871 cash flow

Income$2,517Mortgage P&I$69628%Property Taxes$442%Insurance$492%Management$30212%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27711%Cash Flow$871

Investment Breakdown

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Purchase Price

$140k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,379

Downpayment

20%

$27,980

Closing costs

1%

$1,399

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,517

Total Expenses

$1,646

Mortgage P&I

28%

$696

Property Taxes

2%

$44

Home Insurance

2%

$49

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$277

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