REI Lense

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$3,184 (target)

4517 Tartan Dr, Metairie, LA 70003

3 beds • 2 baths • 1485 sqft

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This property might be a fair Mid-Term investment with a projected 5.23% first-year return on $78,753 initial cash invested.

5.23%

Cash On Cash

8.14%

Cap Rate

1.31

DSCR

$3,184

Rent

$343

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,184 income − $2,841 expenses = $343 cash flow

Income$3,184Mortgage P&I$1,49347%Property Taxes$1615%Insurance$1053%Management$38212%CapEx$1274%Vacancy$963%Maintenance$1274%Other$35011%Cash Flow$343

Investment Breakdown

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Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,753

Downpayment

20%

$57,860

Closing costs

1%

$2,893

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,184

Total Expenses

$2,841

Mortgage P&I

47%

$1,493

Property Taxes

5%

$161

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$382

CapEx

4%

$127

Vacancy

3%

$96

Maintenance

4%

$127

Other

11%

$350

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