REI Lense

REI Lense

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$1,622 (target)

704 Texas Ave, Alexandria, LA 71301

3 beds • 2 baths • 1602 sqft

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This property might be a fair Long-Term investment with a projected 9.43% first-year return on $34,230 initial cash invested.

9.43%

Cash On Cash

8.67%

Cap Rate

1.42

DSCR

$1,622

Rent

$269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,622 income − $1,353 expenses = $269 cash flow

Income$1,622Mortgage P&I$82851%Property Taxes$473%Insurance$574%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%Cash Flow$269

Investment Breakdown

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Purchase Price

$163k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,230

Downpayment

20%

$32,600

Closing costs

1%

$1,630

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,622

Total Expenses

$1,353

Mortgage P&I

51%

$828

Property Taxes

3%

$47

Home Insurance

4%

$57

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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