632 Kings Highway

Shreveport, LA

2 Bedrooms 2 Bathrooms
1400 Square Feet

For Sale

For Sale: $69,000.00

Duplex apartment.  Parking in rear.  Both units window unit ac and gas space heaters.

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:975.00
Investor Expenses:
  • Utilities - Water
  • Lawn Maintenance

  • Total Monthly Approximate Investor Expenses (excluding taxes and insurance): 110.00
    Approximate Annual Taxes: 400.00
    Approximate Annual Insurance: 400.00


    Investment Calculations:
    Monthly Revenue: 975
    Monthly Expenses:
    Taxes: 33.33
    Insurance 33.33
    Other Expenses: 110
    Total Monthly Expenses: 176.67
    Approximate Net Income before debt service: 798.33
    20% Down Payment: 13800
    Monthly Mortgage Payment (4.5% interest, 15 year amortization): 422.28
    Monthly Cash Flow: 376.06
    Annual Cash on Cash Return:32.7%
    Air Conditioning:Window Unit
    Heating: Space Heater - Gas
    Laundry: None
    Included Appliances:
    • Microwave
    Available Parking:
    • Driveway
    Covered Parking Spaces: 0
    Number of Stories: 1
    Lease/Purchase Eligible?: No
    Available Utilities:
    • Municipal Water
    • Natural Gas
    • Electricity