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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 -13.48% first-year return on $99,543 initial cash invested.

-13.48%

Cash On Cash

3.05%

Cap Rate

0.49

DSCR

$2,517

Rent

-$1,118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,517 income − $3,635 expenses = $1,118 out of pocket

Income$2,517Out of Pocket$1,118Mortgage P&I$2,00480%Property Taxes$28211%Insurance$1406%Management$37815%CapEx$1014%Maintenance$1014%Other$62925%

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

$2,517

Total Expenses

$3,635

Mortgage P&I

80%

$2,004

Property Taxes

11%

$282

Home Insurance

6%

$140

HOA

0%

$0

Property Management

15%

$378

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$629

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