REI Lense

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$1,615 (target)

8005 Lehigh St, New Orleans, LA 70127

3 beds • 2 baths • 1326 sqft

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This property might be a fair Long-Term investment with a projected 2.86% first-year return on $40,341 initial cash invested.

2.86%

Cash On Cash

7.23%

Cap Rate

1.18

DSCR

$1,615

Rent

$96

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,615 income − $1,519 expenses = $96 cash flow

Income$1,615Mortgage P&I$98161%Property Taxes$543%Insurance$634%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%Cash Flow$96

Investment Breakdown

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Purchase Price

$192k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,341

Downpayment

20%

$38,420

Closing costs

1%

$1,921

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,615

Total Expenses

$1,519

Mortgage P&I

61%

$981

Property Taxes

3%

$54

Home Insurance

4%

$63

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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