REI Lense

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$3,464 (target)

6505 Schouest St, Metairie, LA 70003

3 beds • 2 baths • 1599 sqft

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This property could be a profitable Mid-Term investment with a projected 24.38% first-year return on $57,690 initial cash invested.

24.38%

Cash On Cash

14.53%

Cap Rate

2.34

DSCR

$3,464

Rent

$1,172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,464 income − $2,292 expenses = $1,172 cash flow

Income$3,464Mortgage P&I$97728%Property Taxes$702%Insurance$662%Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38111%Cash Flow$1,172

Investment Breakdown

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Purchase Price

$189k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,690

Downpayment

20%

$37,800

Closing costs

1%

$1,890

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$3,464

Total Expenses

$2,292

Mortgage P&I

28%

$977

Property Taxes

2%

$70

Home Insurance

2%

$66

HOA

0%

$0

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$381

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