REI Lense

REI Lense

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$3,147 (target)

4700 Academy Dr, Metairie, LA 70003

3 beds • 2 baths • 2187 sqft

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This property could be a profitable Long-Term investment with a projected 30.8% first-year return on $44,100 initial cash invested.

30.8%

Cash On Cash

13.64%

Cap Rate

2.17

DSCR

$3,147

Rent

$1,132

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,147 income − $2,015 expenses = $1,132 cash flow

Income$3,147Mortgage P&I$1,09835%Property Taxes$251%Insurance$742%Management$31510%CapEx$1575%Vacancy$1896%Maintenance$1575%Cash Flow$1,132

Investment Breakdown

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Purchase Price

$210k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,147

Total Expenses

$2,015

Mortgage P&I

35%

$1,098

Property Taxes

1%

$25

Home Insurance

2%

$74

HOA

0%

$0

Property Management

10%

$315

CapEx

5%

$157

Vacancy

6%

$189

Maintenance

5%

$157

Other

0%

$0

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