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$3,826 (target)

1012 W 11th Ave, Covington, LA 70433

3 beds • 3 baths • 2484 sqft

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This property looks like a bad Long-Term investment with a projected -8.81% first-year return on $138k initial cash invested.

-8.81%

Cash On Cash

4.57%

Cap Rate

0.75

DSCR

$3,826

Rent

-$1,015

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,826 income − $4,841 expenses = $1,015 out of pocket

Income$3,826Out of Pocket$1,015Mortgage P&I$3,32887%Property Taxes$2787%Insurance$2406%Management$38310%CapEx$1915%Vacancy$2306%Maintenance$1915%

Investment Breakdown

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Purchase Price

$658k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$132k

Closing costs

1%

$6,581

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,826

Total Expenses

$4,841

Mortgage P&I

87%

$3,328

Property Taxes

7%

$278

Home Insurance

6%

$240

HOA

0%

$0

Property Management

10%

$383

CapEx

5%

$191

Vacancy

6%

$230

Maintenance

5%

$191

Other

0%

$0

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