REI Lense

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$2,338 (target)

501 Southeastern Ave, Rayne, LA 70578

3 beds • 2 baths • 1540 sqft

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This property might be a fair Mid-Term investment with a projected 6.11% first-year return on $62,415 initial cash invested.

6.11%

Cash On Cash

8.56%

Cap Rate

1.38

DSCR

$2,338

Rent

$318

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,338 income − $2,020 expenses = $318 cash flow

Income$2,338Mortgage P&I$1,09747%Property Taxes$532%Insurance$743%Management$28112%CapEx$944%Vacancy$703%Maintenance$944%Other$25711%Cash Flow$318

Investment Breakdown

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Purchase Price

$212k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,415

Downpayment

20%

$42,300

Closing costs

1%

$2,115

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,338

Total Expenses

$2,020

Mortgage P&I

47%

$1,097

Property Taxes

2%

$53

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$281

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$257

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