REI Lense

REI Lense

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$2,184 (target)

8410 Oleander St, New Orleans, LA 70118

3 beds • 2 baths • 1787 sqft

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This property could be a profitable Long-Term investment with a projected 87.55% first-year return on $14,679 initial cash invested.

87.55%

Cash On Cash

26.25%

Cap Rate

4.38

DSCR

$2,184

Rent

$1,071

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$69,900

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$14,679

Downpayment

20%

$13,980

Closing costs

1%

$699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,184

Total Expenses

$1,113

Mortgage P&I

16%

$349

Property Taxes

8%

$173

Home Insurance

1%

$24

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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