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701 Live Oak St, Metairie, LA 70005

3 beds • 2 baths • 1512 sqft

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This property looks like a bad Airbnb investment with a projected -9.35% first-year return on $115k initial cash invested.

-9.35%

Cash On Cash

3.93%

Cap Rate

0.66

DSCR

$3,257

Rent

-$899

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,257 income − $4,156 expenses = $899 out of pocket

Income$3,257Out of Pocket$899Mortgage P&I$2,28970%Property Taxes$1424%Insurance$1625%Management$48915%CapEx$1304%Maintenance$1304%Other$81425%

Investment Breakdown

|

Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,800

Closing costs

1%

$4,640

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,257

Total Expenses

$4,156

Mortgage P&I

70%

$2,289

Property Taxes

4%

$142

Home Insurance

5%

$162

HOA

0%

$0

Property Management

15%

$489

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$814

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