214 Lister Street

Shreveport, LA

2 Bedrooms 2 Bathrooms
1600 Square Feet

For Sale

For Sale: $100,909.00

Totally renovated duplex apartment in great condition.  Both units were rented prior to exterior work being completed, so both units are rented at below market rates.  Both units have central air and heat and washer/dryer connections.

Unit A Matterport Tour: https://my.matterport.com/show/?m=GWD1KL1KuUD

Unit B Matterport Tour: https://my.matterport.com/show/?m=UZHXLR3MXAH

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:1,110.00
Investor Expenses:
  • Utilities - Water
  • Lawn Maintenance

    • Total Monthly Approximate Investor Expenses (excluding taxes and insurance): 120.00
    Approximate Annual Taxes: 471.00
    Approximate Annual Insurance: 400.00


    Investment Calculations:
    Monthly Revenue: 1110
    Monthly Expenses:
    Taxes: 39.24
    Insurance 33.33
    Other Expenses: 120
    Total Monthly Expenses: 192.58
    Approximate Net Income before debt service: 917.43
    20% Down Payment: 20181.8
    Monthly Mortgage Payment (4.5% interest, 15 year amortization): 617.56
    Monthly Cash Flow: 299.87
    Annual Cash on Cash Return:17.83%
    Air Conditioning:Central
    Heating: Central
    Laundry: Washer/Dryer Provided
    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
    • Natural Gas
    • Electricity