REI Lense

REI Lense

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$1,525 (target)

609 Peach St, New Iberia, LA 70560

3 beds • 2 baths • 1522 sqft

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This property might be a fair Long-Term investment with a projected 3.05% first-year return on $38,535 initial cash invested.

3.05%

Cash On Cash

7.36%

Cap Rate

1.18

DSCR

$1,525

Rent

$98

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,525 income − $1,427 expenses = $98 cash flow

Income$1,525Mortgage P&I$95262%Property Taxes$141%Insurance$654%Management$15210%CapEx$765%Vacancy$926%Maintenance$765%Cash Flow$98

Investment Breakdown

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Purchase Price

$184k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,535

Downpayment

20%

$36,700

Closing costs

1%

$1,835

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,525

Total Expenses

$1,427

Mortgage P&I

62%

$952

Property Taxes

1%

$14

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$92

Maintenance

5%

$76

Other

0%

$0

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