REI Lense

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$2,250 (target)

6412 Mil Mar Blvd, Alexandria, LA 71302

3 beds • 2 baths • 2254 sqft

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This property might be a fair Mid-Term investment with a projected 9.32% first-year return on $54,750 initial cash invested.

9.32%

Cash On Cash

9.76%

Cap Rate

1.57

DSCR

$2,250

Rent

$425

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,250 income − $1,825 expenses = $425 cash flow

Income$2,250Mortgage P&I$90840%Property Taxes$904%Insurance$613%Management$27012%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$425

Investment Breakdown

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Purchase Price

$175k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,750

Downpayment

20%

$35,000

Closing costs

1%

$1,750

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,250

Total Expenses

$1,825

Mortgage P&I

40%

$908

Property Taxes

4%

$90

Home Insurance

3%

$61

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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