REI Lense

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$2,309 (target)

6505 Schouest St, Metairie, LA 70003

3 beds • 2 baths • 1599 sqft

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This property could be a profitable Long-Term investment with a projected 18.02% first-year return on $39,690 initial cash invested.

18.02%

Cash On Cash

10.72%

Cap Rate

1.73

DSCR

$2,309

Rent

$596

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,309 income − $1,713 expenses = $596 cash flow

Income$2,309Mortgage P&I$97742%Property Taxes$703%Insurance$663%Management$23110%CapEx$1155%Vacancy$1396%Maintenance$1155%Cash Flow$596

Investment Breakdown

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Purchase Price

$189k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,690

Downpayment

20%

$37,800

Closing costs

1%

$1,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,309

Total Expenses

$1,713

Mortgage P&I

42%

$977

Property Taxes

3%

$70

Home Insurance

3%

$66

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$115

Vacancy

6%

$139

Maintenance

5%

$115

Other

0%

$0

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