REI Lense

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$3,332 (target)

440 Gainesway Dr, Madisonville, LA 70447

3 beds • 3 baths • 1842 sqft

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This property might be a fair Mid-Term investment with a projected 2.27% first-year return on $88,350 initial cash invested.

2.27%

Cash On Cash

7.09%

Cap Rate

1.18

DSCR

$3,332

Rent

$167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,332 income − $3,165 expenses = $167 cash flow

Income$3,332Mortgage P&I$1,67950%Property Taxes$1856%Insurance$1214%HOA$471%Management$40012%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36711%Cash Flow$167

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,332

Total Expenses

$3,165

Mortgage P&I

50%

$1,679

Property Taxes

6%

$185

Home Insurance

4%

$121

HOA

1%

$47

Property Management

12%

$400

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$367

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