106 E Herndon St

Shreveport, LA

4 Bedrooms 2 Bathrooms
1800 Square Feet

For Sale

For Sale: $98,000.00

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.

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.

kmay@maycorealestate.com
http://www.MaycoRealEstate.com
318-218-0123


INVESTOR INFORMATION:

Total Rent:1,175.00
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

  • Investment Calculations:
    Monthly Revenue: 1175
    Monthly Expenses:
    Taxes: 70.83
    Insurance 41.67
    Other Expenses: 95
    Total Monthly Expenses: 207.5
    Approximate Net Income before debt service: 967.5
    20% Down Payment: 19600
    Monthly Mortgage Payment (4.5% interest, 15 year amortization): 599.75
    Monthly Cash Flow: 367.75
    Annual Cash on Cash Return:22.52%
    Air Conditioning:Central
    Heating: Central
    Laundry: Washer/Dryer Hookups inside
    Included Appliances:
    • Refrigerator
    • Range
    • Laundry - Washer
    • Laundry - Dryer
    Available Parking:
    • Driveway
    • Street Parking
    Covered Parking Spaces: 0
    Number of Stories: 1
    Lease/Purchase Eligible?: No
    Available Utilities:
    • Municipal Water
    • Electricity