REI Lense

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$3,198 (target)

1020 W 19th Ave, Covington, LA 70433

3 beds • 3 baths • 1700 sqft

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This property looks like a bad Mid-Term investment with a projected -3.53% first-year return on $110k initial cash invested.

-3.53%

Cash On Cash

5.38%

Cap Rate

0.91

DSCR

$3,198

Rent

-$325

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,198 income − $3,523 expenses = $325 out of pocket

Income$3,198Out of Pocket$325Mortgage P&I$2,16968%Property Taxes$1124%Insurance$1545%Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%

Investment Breakdown

|

Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$88,000

Closing costs

1%

$4,400

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,198

Total Expenses

$3,523

Mortgage P&I

68%

$2,169

Property Taxes

4%

$112

Home Insurance

5%

$154

HOA

0%

$0

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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