REI Lense

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$1,930 (target)

424 Westmeade Dr, Gretna, LA 70056

3 beds • 2 baths • 1700 sqft

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This property looks like a bad Long-Term investment with a projected -2.31% first-year return on $55,650 initial cash invested.

-2.31%

Cash On Cash

6.14%

Cap Rate

0.99

DSCR

$1,930

Rent

-$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,930 income − $2,037 expenses = $107 out of pocket

Income$1,930Out of Pocket$107Mortgage P&I$1,36871%Property Taxes$754%Insurance$935%Management$19310%CapEx$965%Vacancy$1166%Maintenance$965%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,930

Total Expenses

$2,037

Mortgage P&I

71%

$1,368

Property Taxes

4%

$75

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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