REI Lense

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$3,218 (target)

521 Waldo St, Metairie, LA 70003

3 beds • 2 baths • 1400 sqft

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This property might be a fair Mid-Term investment with a projected 7.91% first-year return on $76,569 initial cash invested.

7.91%

Cash On Cash

8.77%

Cap Rate

1.45

DSCR

$3,218

Rent

$505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,218 income − $2,713 expenses = $505 cash flow

Income$3,218Mortgage P&I$1,40444%Property Taxes$1214%Insurance$933%Management$38612%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35411%Cash Flow$505

Investment Breakdown

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Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,569

Downpayment

20%

$55,780

Closing costs

1%

$2,789

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,218

Total Expenses

$2,713

Mortgage P&I

44%

$1,404

Property Taxes

4%

$121

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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