REI Lense

REI Lense

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$1,830 (target)

705 2nd Ave, Harvey, LA 70058

3 beds • 2 baths • 1130 sqft

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This property looks like a bad Long-Term investment with a projected -0.3% first-year return on $44,688 initial cash invested.

-0.3%

Cash On Cash

6.68%

Cap Rate

1.07

DSCR

$1,830

Rent

-$11

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,830 income − $1,841 expenses = $11 out of pocket

Income$1,830Out of Pocket$11Mortgage P&I$1,10460%Property Taxes$18110%Insurance$794%Management$18310%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$213k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,688

Downpayment

20%

$42,560

Closing costs

1%

$2,128

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,830

Total Expenses

$1,841

Mortgage P&I

60%

$1,104

Property Taxes

10%

$181

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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