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.
644 Kings Highway
Shreveport, LA
3 Bedrooms 2 Bathrooms
1800 Square Feet
For Sale
For Sale: $74,583.00

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%
Total Rent:715.00
Investor Expenses:
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:
Number of Stories: 1
Lease/Purchase Eligible?: No
Available Utilities:
Heating: Central
Laundry: Washer/Dryer Hookups inside
Included Appliances:
- Refrigerator
- Range
- Driveway
Number of Stories: 1
Lease/Purchase Eligible?: No
Available Utilities:
- Municipal Water
- Natural Gas
- Electricity