REI Lense

REI Lense

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$2,480 (target)

912 Homestead Ave, Metairie, LA 70005

3 beds • 2 baths • 1996 sqft

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This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $80,199 initial cash invested.

-9.74%

Cash On Cash

4.54%

Cap Rate

0.73

DSCR

$2,480

Rent

-$651

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,480 income − $3,131 expenses = $651 out of pocket

Income$2,480Out of Pocket$651Mortgage P&I$1,97179%Property Taxes$37515%Insurance$1406%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

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Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,199

Downpayment

20%

$76,380

Closing costs

1%

$3,819

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,480

Total Expenses

$3,131

Mortgage P&I

79%

$1,971

Property Taxes

15%

$375

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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