REI Lense

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$4,114 (target)

4621 Cleveland Pl, Metairie, LA 70003

3 beds • 2 baths • 2392 sqft

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This property might be a fair Mid-Term investment with a projected 5.14% first-year return on $102k initial cash invested.

5.14%

Cash On Cash

7.8%

Cap Rate

1.3

DSCR

$4,114

Rent

$437

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,114 income − $3,677 expenses = $437 cash flow

Income$4,114Mortgage P&I$1,99649%Property Taxes$1413%Insurance$1403%Management$49412%CapEx$1654%Vacancy$1233%Maintenance$1654%Other$45311%Cash Flow$437

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,114

Total Expenses

$3,677

Mortgage P&I

49%

$1,996

Property Taxes

3%

$141

Home Insurance

3%

$140

HOA

0%

$0

Property Management

12%

$494

CapEx

4%

$165

Vacancy

3%

$123

Maintenance

4%

$165

Other

11%

$453

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