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7 Althea Ln, Metairie, LA 70005

3 beds • 3 baths • 2399 sqft

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This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $122k initial cash invested.

-11.87%

Cash On Cash

3.78%

Cap Rate

0.63

DSCR

$3,109

Rent

-$1,210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$582k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,823

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,109

Total Expenses

$4,319

Mortgage P&I

93%

$2,889

Property Taxes

13%

$408

Home Insurance

7%

$214

HOA

0%

$0

Property Management

10%

$311

CapEx

5%

$155

Vacancy

6%

$187

Maintenance

5%

$155

Other

0%

$0

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