REI Lense

REI Lense

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$2,432 (target)

635 Little Farms Ave, Harahan, LA 70123

3 beds • 2 baths • 1767 sqft

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This property might be a fair Long-Term investment with a projected 2.32% first-year return on $62,538 initial cash invested.

2.32%

Cash On Cash

6.85%

Cap Rate

1.17

DSCR

$2,432

Rent

$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,432 income − $2,311 expenses = $121 cash flow

Income$2,432Mortgage P&I$1,45760%Property Taxes$1044%Insurance$1175%Management$24310%CapEx$1225%Vacancy$1466%Maintenance$1225%Cash Flow$121

Investment Breakdown

|

Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,538

Downpayment

20%

$59,560

Closing costs

1%

$2,978

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,432

Total Expenses

$2,311

Mortgage P&I

60%

$1,457

Property Taxes

4%

$104

Home Insurance

5%

$117

HOA

0%

$0

Property Management

10%

$243

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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