REI Lense

REI Lense

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$2,167 (target)

531 S Cortez St, New Orleans, LA 70119

3 beds • 2 baths • 1100 sqft

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This property looks like a bad Long-Term investment with a projected -1.95% first-year return on $57,288 initial cash invested.

-1.95%

Cash On Cash

6.26%

Cap Rate

1.01

DSCR

$2,167

Rent

-$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,167 income − $2,260 expenses = $93 out of pocket

Income$2,167Out of Pocket$93Mortgage P&I$1,40865%Property Taxes$1939%Insurance$964%Management$21710%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$273k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,288

Downpayment

20%

$54,560

Closing costs

1%

$2,728

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,167

Total Expenses

$2,260

Mortgage P&I

65%

$1,408

Property Taxes

9%

$193

Home Insurance

4%

$96

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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