1516 Highland Avenue

Shreveport, LA

4 Bedrooms 2 Bathrooms
1500 Square Feet

For Sale

For Sale: $91,071.00

Totally renovated duplex.  Front unit has long term tenant of over 10 years.  We do not have pictures of the front unit.  Back unit has been renovated within last few years and is in great condition.  Both have central air and heat, all electric.

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:1,275.00
Investor Expenses:
  • Utilities - Water
  • Lawn Maintenance

  • Total Monthly Approximate Investor Expenses (excluding taxes and insurance): 115.00
    Approximate Annual Taxes: 499.00
    Approximate Annual Insurance: 450.00


    Investment Calculations:
    Monthly Revenue: 1275
    Monthly Expenses:
    Taxes: 41.58
    Insurance 37.5
    Other Expenses: 115
    Total Monthly Expenses: 194.08
    Approximate Net Income before debt service: 1080.92
    20% Down Payment: 18214.2
    Monthly Mortgage Payment (4.5% interest, 15 year amortization): 557.35
    Monthly Cash Flow: 523.57
    Annual Cash on Cash Return:34.49%
    Air Conditioning:Central
    Heating: Central
    Laundry: Washer/Dryer Hookups inside
    Included Appliances:
    • Refrigerator
    • Range
    Available Parking:
    • Driveway
    • Street Parking
    Covered Parking Spaces: 0
    Number of Stories: 1
    Lease/Purchase Eligible?: No
    Available Utilities:
    • Municipal Water
    • Electricity