REI Lense

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$2,243 (target)

807 Navarre Ave, New Orleans, LA 70124

3 beds • 3 baths • 1856 sqft

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This property looks like a bad Long-Term investment with a projected -17.97% first-year return on $110k initial cash invested.

-17.97%

Cash On Cash

2.55%

Cap Rate

0.42

DSCR

$2,243

Rent

-$1,651

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,243 income − $3,894 expenses = $1,651 out of pocket

Income$2,243Out of Pocket$1,651Mortgage P&I$2,655118%Property Taxes$47221%Insurance$1848%Management$22410%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$525k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$105k

Closing costs

1%

$5,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,243

Total Expenses

$3,894

Mortgage P&I

118%

$2,655

Property Taxes

21%

$472

Home Insurance

8%

$184

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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