REI Lense

REI Lense

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$1,734 (target)

509 1st Ave, Harvey, LA 70058

3 beds • 2 baths • 1490 sqft

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This property might be a fair Long-Term investment with a projected 7.81% first-year return on $37,779 initial cash invested.

7.81%

Cash On Cash

8.5%

Cap Rate

1.35

DSCR

$1,734

Rent

$246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,734 income − $1,488 expenses = $246 cash flow

Income$1,734Mortgage P&I$94154%Property Taxes$332%Insurance$634%Management$17310%CapEx$875%Vacancy$1046%Maintenance$875%Cash Flow$246

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,779

Downpayment

20%

$35,980

Closing costs

1%

$1,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,734

Total Expenses

$1,488

Mortgage P&I

54%

$941

Property Taxes

2%

$33

Home Insurance

4%

$63

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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