REI Lense

REI Lense

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$1,860 (target)

900 Ira St, Carencro, LA 70520

3 beds • 2 baths • 2034 sqft

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This property might be a fair Long-Term investment with a projected 1.12% first-year return on $47,250 initial cash invested.

1.12%

Cash On Cash

7.16%

Cap Rate

1.11

DSCR

$1,860

Rent

$44

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,860 income − $1,816 expenses = $44 cash flow

Income$1,860Mortgage P&I$1,20565%Property Taxes$483%Insurance$794%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%Cash Flow$44

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,860

Total Expenses

$1,816

Mortgage P&I

65%

$1,205

Property Taxes

3%

$48

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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