REI Lense

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$2,100 (target)

6623 Lost Ridge Dr, Pineville, LA 71360

3 beds • 2 baths • 1350 sqft

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This property might be a fair Mid-Term investment with a projected 2.69% first-year return on $61,575 initial cash invested.

2.69%

Cash On Cash

7.43%

Cap Rate

1.21

DSCR

$2,100

Rent

$138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,100 income − $1,962 expenses = $138 cash flow

Income$2,100Mortgage P&I$1,06351%Property Taxes$1125%Insurance$733%Management$25212%CapEx$844%Vacancy$633%Maintenance$844%Other$23111%Cash Flow$138

Investment Breakdown

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Purchase Price

$208k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,575

Downpayment

20%

$41,500

Closing costs

1%

$2,075

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,100

Total Expenses

$1,962

Mortgage P&I

51%

$1,063

Property Taxes

5%

$112

Home Insurance

3%

$73

HOA

0%

$0

Property Management

12%

$252

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$231

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