644 Kings Highway

Shreveport, LA

3 Bedrooms 2 Bathrooms
1800 Square Feet

For Sale

For Sale: $74,583.00

3 bedroom 2 bath house, could be 4 bedroom.  Has garage apartment that has been stripped down to studs.  Listed rent is for main house only.  Home has long term tenant in place and is rented under market value.

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:715.00
Investor Expenses:
  • None

    • Total Monthly Approximate Investor Expenses (excluding taxes and insurance): 0.00
    Approximate Annual Taxes: 518.00
    Approximate Annual Insurance: 500.00


    Investment Calculations:
    Monthly Revenue: 715
    Monthly Expenses:
    Taxes: 43.19
    Insurance 41.67
    Other Expenses:
    Total Monthly Expenses: 84.86
    Approximate Net Income before debt service: 630.14
    20% Down Payment: 14916.6
    Monthly Mortgage Payment (4.5% interest, 15 year amortization): 456.44
    Monthly Cash Flow: 173.7
    Annual Cash on Cash Return:13.97%
    Air Conditioning:Central
    Heating: Central
    Laundry: Washer/Dryer Hookups inside
    Included Appliances:
    • Refrigerator
    • Range
    Available Parking:
    • Driveway
    Covered Parking Spaces: 0
    Number of Stories: 1
    Lease/Purchase Eligible?: No
    Available Utilities:
    • Municipal Water
    • Natural Gas
    • Electricity