REI Lense

REI Lense

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$1,350 (target)

507 Weldon St, New Iberia, LA 70560

3 beds • 2 baths • 1300 sqft

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This property could be a profitable Long-Term investment with a projected 17.65% first-year return on $24,003 initial cash invested.

17.65%

Cash On Cash

10.55%

Cap Rate

1.72

DSCR

$1,350

Rent

$353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,350 income − $997 expenses = $353 cash flow

Income$1,350Mortgage P&I$58443%Property Taxes$282%Insurance$332%Management$13510%CapEx$685%Vacancy$816%Maintenance$685%Cash Flow$353

Investment Breakdown

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Purchase Price

$114k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$24,003

Downpayment

20%

$22,860

Closing costs

1%

$1,143

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,350

Total Expenses

$997

Mortgage P&I

43%

$584

Property Taxes

2%

$28

Home Insurance

2%

$33

HOA

0%

$0

Property Management

10%

$135

CapEx

5%

$68

Vacancy

6%

$81

Maintenance

5%

$68

Other

0%

$0

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