REI Lense

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$2,650 (target)

603 Lakeshore Dr, Monroe, LA 71203

3 beds • 2 baths • 2258 sqft

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This property might be a fair Mid-Term investment with a projected 8.69% first-year return on $64,200 initial cash invested.

8.69%

Cash On Cash

9.38%

Cap Rate

1.5

DSCR

$2,650

Rent

$465

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,650 income − $2,185 expenses = $465 cash flow

Income$2,650Mortgage P&I$1,14943%Property Taxes$572%Insurance$773%Management$31812%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%Cash Flow$465

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,650

Total Expenses

$2,185

Mortgage P&I

43%

$1,149

Property Taxes

2%

$57

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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