REI Lense

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$2,025 (target)

814 Spring St, Springhill, LA 71075

3 beds • 2 baths • 1574 sqft

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This property could be a profitable Mid-Term investment with a projected 13.52% first-year return on $45,720 initial cash invested.

13.52%

Cash On Cash

11.65%

Cap Rate

1.87

DSCR

$2,025

Rent

$515

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,025 income − $1,510 expenses = $515 cash flow

Income$2,025Mortgage P&I$68534%Property Taxes$894%Insurance$472%Management$24312%CapEx$814%Vacancy$613%Maintenance$814%Other$22311%Cash Flow$515

Investment Breakdown

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Purchase Price

$132k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,720

Downpayment

20%

$26,400

Closing costs

1%

$1,320

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$2,025

Total Expenses

$1,510

Mortgage P&I

34%

$685

Property Taxes

4%

$89

Home Insurance

2%

$47

HOA

0%

$0

Property Management

12%

$243

CapEx

4%

$81

Vacancy

3%

$61

Maintenance

4%

$81

Other

11%

$223

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