REI Lense

REI Lense

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$2,132 (target)

1020 W 19th Ave, Covington, LA 70433

3 beds • 3 baths • 1700 sqft

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This property looks like a bad Long-Term investment with a projected -11.14% first-year return on $92,400 initial cash invested.

-11.14%

Cash On Cash

3.87%

Cap Rate

0.65

DSCR

$2,132

Rent

-$858

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,132 income − $2,990 expenses = $858 out of pocket

Income$2,132Out of Pocket$858Mortgage P&I$2,169102%Property Taxes$1125%Insurance$1547%Management$21310%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,400

Downpayment

20%

$88,000

Closing costs

1%

$4,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,132

Total Expenses

$2,990

Mortgage P&I

102%

$2,169

Property Taxes

5%

$112

Home Insurance

7%

$154

HOA

0%

$0

Property Management

10%

$213

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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