REI Lense

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$3,388 (target)

4829 Argonne St, Metairie, LA 70001

3 beds • 2 baths • 1598 sqft

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This property might be a fair Mid-Term investment with a projected 6.14% first-year return on $78,585 initial cash invested.

6.14%

Cash On Cash

8.43%

Cap Rate

1.36

DSCR

$3,388

Rent

$402

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,388 income − $2,986 expenses = $402 cash flow

Income$3,388Mortgage P&I$1,48944%Property Taxes$2367%Insurance$1073%Management$40712%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37311%Cash Flow$402

Investment Breakdown

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Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,585

Downpayment

20%

$57,700

Closing costs

1%

$2,885

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,388

Total Expenses

$2,986

Mortgage P&I

44%

$1,489

Property Taxes

7%

$236

Home Insurance

3%

$107

HOA

0%

$0

Property Management

12%

$407

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$373

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