This property was remodeled in 2011. It has been occupied ever since. Both units are 2 bedroom 1 bath, and have kitchen appliances. Unit B also has front loading washer/dryer. Both units have laundry hookups inside. Windows were replaced prior to 2011 with aluminum frame single pane windows. A/C units were installed new in 2011. Insulation in attic and spray foam insulation under floorboards were done to keep utilities reasonable. 3D tours were done in 2016.
106 E Herndon St
Shreveport, LA
4 Bedrooms 2 Bathrooms
1800 Square Feet
For Sale
For Sale: $100,900.00
Kevin May
Kevin has lived in the Shreveport-Bossier area for the majority of his life. He has extensive experience in residential real estate investment, both single family and multi-family. He also has extensive experience in renovations, and finance.
Kevin holds a B.S. in Finance from LA Tech University, and an MBA from the University of Notre Dame. When he's not working he enjoys soccer, scuba diving, socializing, volunteering, and playing with his dog.
kevin@maycorentals.com
https://maycorealestate.com
318-734-3440
INVESTOR INFORMATION:
Total Rent:1,250.00
Investor Expenses:Utilities - Water
Lawn Maintenance
Total Monthly Approximate Investor Expenses (excluding taxes and insurance): 95.00
Approximate Annual Taxes: 850.00
Approximate Annual Insurance: 500.00
3D Interactive Tours of the Units:
(All Units may not have a 3D tour available)106 E Herndon Apt A
106 East Herndon, Apt B
Investment Calculations:
Monthly Revenue: 1250
Monthly Expenses:
Taxes: 70.83
Insurance 41.67
Other Expenses: 95
Total Monthly Expenses: 207.5
Approximate Net Income before debt service: 1042.5
20% Down Payment: 20180
Monthly Mortgage Payment (4.5% interest, 15 year amortization): 617.5
Monthly Cash Flow: 425
Annual Cash on Cash Return:25.27%
Total Rent:1,250.00
Investor Expenses:
Total Monthly Approximate Investor Expenses (excluding taxes and insurance): 95.00
Approximate Annual Taxes: 850.00
Approximate Annual Insurance: 500.00
3D Interactive Tours of the Units:
(All Units may not have a 3D tour available)
Investment Calculations:
Monthly Revenue: 1250
Monthly Expenses:
Taxes: 70.83
Insurance 41.67
Other Expenses: 95
Total Monthly Expenses: 207.5
Approximate Net Income before debt service: 1042.5
20% Down Payment: 20180
Monthly Mortgage Payment (4.5% interest, 15 year amortization): 617.5
Monthly Cash Flow: 425
Annual Cash on Cash Return:25.27%
Air Conditioning:Central
Heating: Central
Laundry: Washer/Dryer Hookups inside
Included Appliances:
Number of Stories: 1
Lease/Purchase Eligible?: No
Available Utilities:
Heating: Central
Laundry: Washer/Dryer Hookups inside
Included Appliances:
- Refrigerator
- Range
- Laundry - Washer
- Laundry - Dryer
- Driveway
- Street Parking
Number of Stories: 1
Lease/Purchase Eligible?: No
Available Utilities:
- Municipal Water
- Electricity