REI Lense

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$2,385 (target)

556 Magnolia Ave, La Place, LA 70068

3 beds • 2 baths • 1272 sqft

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This property might be a fair Mid-Term investment with a projected 8.61% first-year return on $57,417 initial cash invested.

8.61%

Cash On Cash

9.48%

Cap Rate

1.52

DSCR

$2,385

Rent

$412

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,385 income − $1,973 expenses = $412 cash flow

Income$2,385Mortgage P&I$97641%Property Taxes$1215%Insurance$663%Management$28612%CapEx$954%Vacancy$723%Maintenance$954%Other$26211%Cash Flow$412

Investment Breakdown

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Purchase Price

$188k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,417

Downpayment

20%

$37,540

Closing costs

1%

$1,877

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,385

Total Expenses

$1,973

Mortgage P&I

41%

$976

Property Taxes

5%

$121

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$286

CapEx

4%

$95

Vacancy

3%

$72

Maintenance

4%

$95

Other

11%

$262

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