REI Lense

REI Lense

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$1,590 (target)

556 Magnolia Ave, La Place, LA 70068

3 beds • 2 baths • 1272 sqft

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This property might be a fair Long-Term investment with a projected 0.4% first-year return on $39,417 initial cash invested.

0.4%

Cash On Cash

6.83%

Cap Rate

1.1

DSCR

$1,590

Rent

$13

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,590 income − $1,577 expenses = $13 cash flow

Income$1,590Mortgage P&I$97661%Property Taxes$1218%Insurance$664%Management$15910%CapEx$805%Vacancy$956%Maintenance$805%Cash Flow$13

Investment Breakdown

|

Purchase Price

$188k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,417

Downpayment

20%

$37,540

Closing costs

1%

$1,877

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,590

Total Expenses

$1,577

Mortgage P&I

61%

$976

Property Taxes

8%

$121

Home Insurance

4%

$66

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$80

Vacancy

6%

$95

Maintenance

5%

$80

Other

0%

$0

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