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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 -16.61% first-year return on $115k initial cash invested.

-16.61%

Cash On Cash

1.98%

Cap Rate

0.34

DSCR

$1,912

Rent

-$1,598

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,912 income − $3,510 expenses = $1,598 out of pocket

Income$1,912Out of Pocket$1,598Mortgage P&I$2,289120%Property Taxes$1427%Insurance$1628%Management$28715%CapEx$764%Maintenance$764%Other$47825%

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

$1,912

Total Expenses

$3,510

Mortgage P&I

120%

$2,289

Property Taxes

7%

$142

Home Insurance

8%

$162

HOA

0%

$0

Property Management

15%

$287

CapEx

4%

$76

Vacancy

0%

$0

Maintenance

4%

$76

Other

25%

$478

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