REI Lense

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$3,024 (target)

428 Avenue G, Marrero, LA 70072

3 beds • 2 baths • 1430 sqft

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This property might be a fair Mid-Term investment with a projected 9.05% first-year return on $67,518 initial cash invested.

9.05%

Cash On Cash

9.59%

Cap Rate

1.5

DSCR

$3,024

Rent

$509

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,024 income − $2,515 expenses = $509 cash flow

Income$3,024Mortgage P&I$1,25542%Property Taxes$1475%Insurance$843%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%Cash Flow$509

Investment Breakdown

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Purchase Price

$236k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,518

Downpayment

20%

$47,160

Closing costs

1%

$2,358

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,024

Total Expenses

$2,515

Mortgage P&I

42%

$1,255

Property Taxes

5%

$147

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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