REI Lense

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$2,169 (target)

828 Ira St, Carencro, LA 70520

3 beds • 4 baths • 3011 sqft

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This property looks like a bad Mid-Term investment with a projected -10.36% first-year return on $102k initial cash invested.

-10.36%

Cash On Cash

3.7%

Cap Rate

0.61

DSCR

$2,169

Rent

-$879

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,169 income − $3,048 expenses = $879 out of pocket

Income$2,169Out of Pocket$879Mortgage P&I$2,02293%Property Taxes$1487%Insurance$1406%Management$26012%CapEx$874%Vacancy$653%Maintenance$874%Other$23911%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,169

Total Expenses

$3,048

Mortgage P&I

93%

$2,022

Property Taxes

7%

$148

Home Insurance

6%

$140

HOA

0%

$0

Property Management

12%

$260

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$239

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