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$2,025 (target)

507 Weldon St, New Iberia, LA 70560

3 beds • 2 baths • 1300 sqft

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This property could be a profitable Mid-Term investment with a projected 19.74% first-year return on $42,003 initial cash invested.

19.74%

Cash On Cash

14.24%

Cap Rate

2.32

DSCR

$2,025

Rent

$691

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,025 income − $1,334 expenses = $691 cash flow

Income$2,025Mortgage P&I$58429%Property Taxes$281%Insurance$332%Management$24312%CapEx$814%Vacancy$613%Maintenance$814%Other$22311%Cash Flow$691

Investment Breakdown

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Purchase Price

$114k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,003

Downpayment

20%

$22,860

Closing costs

1%

$1,143

Rehab

0%

$0

Furnishing

16%

$18,000

Cashflow

Total Income

$2,025

Total Expenses

$1,334

Mortgage P&I

29%

$584

Property Taxes

1%

$28

Home Insurance

2%

$33

HOA

0%

$0

Property Management

12%

$243

CapEx

4%

$81

Vacancy

3%

$61

Maintenance

4%

$81

Other

11%

$223

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