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513 Shirmaine Ln, Metairie, LA 70001

2 beds • 2 baths • 1137 sqft

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This property looks like a bad Airbnb investment with a projected -13% first-year return on $83,169 initial cash invested.

-13%

Cash On Cash

2.9%

Cap Rate

0.5

DSCR

$1,974

Rent

-$901

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,169

Downpayment

20%

$67,780

Closing costs

1%

$3,389

Rehab

0%

$0

Furnishing

4%

$12,000

Cashflow

Total Income

$1,974

Total Expenses

$2,875

Mortgage P&I

83%

$1,642

Property Taxes

8%

$161

Home Insurance

6%

$124

HOA

0%

$0

Property Management

15%

$296

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$494

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Comparable Property

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Beds

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2

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$2,850

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