REI Lense

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$3,519 (target)

408 Good News Ave, Belle Chasse, LA 70037

3 beds • 2 baths • 1809 sqft

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This property might be a fair Mid-Term investment with a projected 8.05% first-year return on $86,859 initial cash invested.

8.05%

Cash On Cash

8.38%

Cap Rate

1.46

DSCR

$3,519

Rent

$583

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,519 income − $2,936 expenses = $583 cash flow

Income$3,519Mortgage P&I$1,56544%Property Taxes$592%Insurance$1153%Management$42212%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38711%Cash Flow$583

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,859

Downpayment

20%

$65,580

Closing costs

1%

$3,279

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,519

Total Expenses

$2,936

Mortgage P&I

44%

$1,565

Property Taxes

2%

$59

Home Insurance

3%

$115

HOA

0%

$0

Property Management

12%

$422

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$387

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