REI Lense

REI Lense

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$3,133 (target)

84062 N Factory Rd, Folsom, LA 70437

3 beds • 2 baths • 2863 sqft

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This property might be a fair Long-Term investment with a projected 8.88% first-year return on $64,438 initial cash invested.

8.88%

Cash On Cash

8.57%

Cap Rate

1.41

DSCR

$3,133

Rent

$477

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,133 income − $2,656 expenses = $477 cash flow

Income$3,133Mortgage P&I$1,55750%Property Taxes$1776%Insurance$1073%Management$31310%CapEx$1575%Vacancy$1886%Maintenance$1575%Cash Flow$477

Investment Breakdown

|

Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,438

Downpayment

20%

$61,370

Closing costs

1%

$3,068

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,133

Total Expenses

$2,656

Mortgage P&I

50%

$1,557

Property Taxes

6%

$177

Home Insurance

3%

$107

HOA

0%

$0

Property Management

10%

$313

CapEx

5%

$157

Vacancy

6%

$188

Maintenance

5%

$157

Other

0%

$0

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