REI Lense

REI Lense

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$3,206 (target)

4625 Barnett St, Metairie, LA 70006

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Mid-Term investment with a projected -6.39% first-year return on $117k initial cash invested.

-6.39%

Cash On Cash

4.66%

Cap Rate

0.79

DSCR

$3,206

Rent

-$621

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,206 income − $3,827 expenses = $621 out of pocket

Income$3,206Out of Pocket$621Mortgage P&I$2,31872%Property Taxes$2558%Insurance$1645%Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%

Investment Breakdown

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Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,000

Closing costs

1%

$4,700

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,206

Total Expenses

$3,827

Mortgage P&I

72%

$2,318

Property Taxes

8%

$255

Home Insurance

5%

$164

HOA

0%

$0

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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