REI Lense

REI Lense

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$2,472 (target)

515 Bienville Rd, Folsom, LA 70437

3 beds • 2 baths • 2005 sqft

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This property looks like a bad Long-Term investment with a projected -10.88% first-year return on $87,318 initial cash invested.

-10.88%

Cash On Cash

4.16%

Cap Rate

0.68

DSCR

$2,472

Rent

-$792

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,472 income − $3,264 expenses = $792 out of pocket

Income$2,472Out of Pocket$792Mortgage P&I$2,11185%Property Taxes$36015%Insurance$1506%Management$24710%CapEx$1245%Vacancy$1486%Maintenance$1245%

Investment Breakdown

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Purchase Price

$416k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,318

Downpayment

20%

$83,160

Closing costs

1%

$4,158

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,472

Total Expenses

$3,264

Mortgage P&I

85%

$2,111

Property Taxes

15%

$360

Home Insurance

6%

$150

HOA

0%

$0

Property Management

10%

$247

CapEx

5%

$124

Vacancy

6%

$148

Maintenance

5%

$124

Other

0%

$0

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