234 Topeka Street

Shreveport, LA

2 Bedrooms 2 Bathrooms
1500 Square Feet

For Sale

For Sale: $100,000.00

Renovated duplex.  Window unit ac and gas space heaters.  They are in good condition and rent quickly and easily.  This property requires the purchase of a minimum $300,000 total package purchase to be eligible for purchase.

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:
  • Lawn Maintenance

    • Total Monthly Approximate Investor Expenses (excluding taxes and insurance): 50.00
    Approximate Annual Taxes: 598.00
    Approximate Annual Insurance: 500.00


    Investment Calculations:
    Monthly Revenue: 1250
    Monthly Expenses:
    Taxes: 49.8
    Insurance 41.67
    Other Expenses: 50
    Total Monthly Expenses: 141.47
    Approximate Net Income before debt service: 1108.54
    20% Down Payment: 20000
    Monthly Mortgage Payment (4.5% interest, 15 year amortization): 611.99
    Monthly Cash Flow: 496.54
    Annual Cash on Cash Return:29.79%
    Air Conditioning:Window Unit
    Heating: Space Heater - Gas
    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
    • Natural Gas
    • Electricity