REI Lense

REI Lense

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$2,215 (target)

4524 Utopia Dr, Metairie, LA 70001

3 beds • 2 baths • 1397 sqft

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This property looks like a bad Long-Term investment with a projected -0.64% first-year return on $57,834 initial cash invested.

-0.64%

Cash On Cash

6.41%

Cap Rate

1.06

DSCR

$2,215

Rent

-$31

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,215 income − $2,246 expenses = $31 out of pocket

Income$2,215Out of Pocket$31Mortgage P&I$1,39063%Property Taxes$1798%Insurance$1005%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,834

Downpayment

20%

$55,080

Closing costs

1%

$2,754

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,215

Total Expenses

$2,246

Mortgage P&I

63%

$1,390

Property Taxes

8%

$179

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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