REI Lense

REI Lense

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$2,221 (target)

9896 E Wheaton Cir, New Orleans, LA 70127

3 beds • 3 baths • 2239 sqft

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This property might be a fair Long-Term investment with a projected 5.06% first-year return on $49,308 initial cash invested.

5.06%

Cash On Cash

7.91%

Cap Rate

1.26

DSCR

$2,221

Rent

$208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,221 income − $2,013 expenses = $208 cash flow

Income$2,221Mortgage P&I$1,22855%Property Taxes$1246%Insurance$844%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%Cash Flow$208

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,308

Downpayment

20%

$46,960

Closing costs

1%

$2,348

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,221

Total Expenses

$2,013

Mortgage P&I

55%

$1,228

Property Taxes

6%

$124

Home Insurance

4%

$84

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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