REI Lense

REI Lense

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$1,500 (target)

6412 Mil Mar Blvd, Alexandria, LA 71302

3 beds • 2 baths • 2254 sqft

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This property might be a fair Long-Term investment with a projected 1.67% first-year return on $36,750 initial cash invested.

1.67%

Cash On Cash

7.09%

Cap Rate

1.14

DSCR

$1,500

Rent

$51

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,500 income − $1,449 expenses = $51 cash flow

Income$1,500Mortgage P&I$90861%Property Taxes$906%Insurance$614%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%Cash Flow$51

Investment Breakdown

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Purchase Price

$175k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,750

Downpayment

20%

$35,000

Closing costs

1%

$1,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,500

Total Expenses

$1,449

Mortgage P&I

61%

$908

Property Taxes

6%

$90

Home Insurance

4%

$61

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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