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602 Highland Ct, Mandeville, LA 70448

3 beds • 2 baths • 2283 sqft

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This property looks like a bad Airbnb investment with a projected -5.55% first-year return on $97,905 initial cash invested.

-5.55%

Cash On Cash

4.89%

Cap Rate

0.83

DSCR

$3,569

Rent

-$453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,569 income − $4,022 expenses = $453 out of pocket

Income$3,569Out of Pocket$453Mortgage P&I$1,86252%Property Taxes$2567%Insurance$1394%HOA$521%Management$53515%CapEx$1434%Maintenance$1434%Other$89225%

Investment Breakdown

|

Purchase Price

$381k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,905

Downpayment

20%

$76,100

Closing costs

1%

$3,805

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,569

Total Expenses

$4,022

Mortgage P&I

52%

$1,862

Property Taxes

7%

$256

Home Insurance

4%

$139

HOA

1%

$52

Property Management

15%

$535

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$892

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