REI Lense

REI Lense

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$2,589 (target)

4201 Ferran Dr, Metairie, LA 70002

3 beds • 2 baths • 2006 sqft

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This property might be a fair Long-Term investment with a projected 3.02% first-year return on $67,200 initial cash invested.

3.02%

Cash On Cash

7.2%

Cap Rate

1.18

DSCR

$2,589

Rent

$169

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,589 income − $2,420 expenses = $169 cash flow

Income$2,589Mortgage P&I$1,62363%Property Taxes$131%Insurance$1124%Management$25910%CapEx$1295%Vacancy$1556%Maintenance$1295%Cash Flow$169

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,589

Total Expenses

$2,420

Mortgage P&I

63%

$1,623

Property Taxes

1%

$13

Home Insurance

4%

$112

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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