REI Lense

REI Lense

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$2,594 (target)

602 Highland Ct, Mandeville, LA 70448

3 beds • 2 baths • 2283 sqft

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This property looks like a bad Long-Term investment with a projected -5.86% first-year return on $79,905 initial cash invested.

-5.86%

Cash On Cash

5.05%

Cap Rate

0.86

DSCR

$2,594

Rent

-$390

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,594 income − $2,984 expenses = $390 out of pocket

Income$2,594Out of Pocket$390Mortgage P&I$1,86272%Property Taxes$25610%Insurance$1395%HOA$522%Management$25910%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$381k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,905

Downpayment

20%

$76,100

Closing costs

1%

$3,805

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,594

Total Expenses

$2,984

Mortgage P&I

72%

$1,862

Property Taxes

10%

$256

Home Insurance

5%

$139

HOA

2%

$52

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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