REI Lense

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$2,919 (target)

507 Flanders Ridge Dr, Youngsville, LA 70592

3 beds • 2 baths • 1495 sqft

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This property could be a profitable Mid-Term investment with a projected 11.22% first-year return on $63,612 initial cash invested.

11.22%

Cash On Cash

10.1%

Cap Rate

1.64

DSCR

$2,919

Rent

$595

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,919 income − $2,324 expenses = $595 cash flow

Income$2,919Mortgage P&I$1,11638%Property Taxes$1385%Insurance$773%Management$35012%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32111%Cash Flow$595

Investment Breakdown

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Purchase Price

$217k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,612

Downpayment

20%

$43,440

Closing costs

1%

$2,172

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,919

Total Expenses

$2,324

Mortgage P&I

38%

$1,116

Property Taxes

5%

$138

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$321

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