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$2,745 (target)

705 2nd Ave, Harvey, LA 70058

3 beds • 2 baths • 1130 sqft

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This property might be a fair Mid-Term investment with a projected 8.58% first-year return on $62,688 initial cash invested.

8.58%

Cash On Cash

9.37%

Cap Rate

1.51

DSCR

$2,745

Rent

$448

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,745 income − $2,297 expenses = $448 cash flow

Income$2,745Mortgage P&I$1,10440%Property Taxes$1817%Insurance$793%Management$32912%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30211%Cash Flow$448

Investment Breakdown

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Purchase Price

$213k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,688

Downpayment

20%

$42,560

Closing costs

1%

$2,128

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,745

Total Expenses

$2,297

Mortgage P&I

40%

$1,104

Property Taxes

7%

$181

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$329

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$302

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