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704 Canaan Dr, Lafayette, LA 70508

3 beds • 3 baths • 2329 sqft

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This property looks like a bad Airbnb investment with a projected -14.04% first-year return on $99,543 initial cash invested.

-14.04%

Cash On Cash

2.89%

Cap Rate

0.47

DSCR

$2,425

Rent

-$1,165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,425 income − $3,590 expenses = $1,165 out of pocket

Income$2,425Out of Pocket$1,165Mortgage P&I$2,00483%Property Taxes$28212%Insurance$1406%Management$36415%CapEx$974%Maintenance$974%Other$60625%

Investment Breakdown

|

Purchase Price

$388k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,543

Downpayment

20%

$77,660

Closing costs

1%

$3,883

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,425

Total Expenses

$3,590

Mortgage P&I

83%

$2,004

Property Taxes

12%

$282

Home Insurance

6%

$140

HOA

0%

$0

Property Management

15%

$364

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$606

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