REI Lense

REI Lense

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$2,743 (target)

4621 Cleveland Pl, Metairie, LA 70003

3 beds • 2 baths • 2392 sqft

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This property looks like a bad Long-Term investment with a projected -3.53% first-year return on $83,979 initial cash invested.

-3.53%

Cash On Cash

5.66%

Cap Rate

0.94

DSCR

$2,743

Rent

-$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,743 income − $2,990 expenses = $247 out of pocket

Income$2,743Out of Pocket$247Mortgage P&I$1,99673%Property Taxes$1415%Insurance$1405%Management$27410%CapEx$1375%Vacancy$1656%Maintenance$1375%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,979

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,743

Total Expenses

$2,990

Mortgage P&I

73%

$1,996

Property Taxes

5%

$141

Home Insurance

5%

$140

HOA

0%

$0

Property Management

10%

$274

CapEx

5%

$137

Vacancy

6%

$165

Maintenance

5%

$137

Other

0%

$0

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