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1020 W 19th Ave, Covington, LA 70433

3 beds • 3 baths • 1700 sqft

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This property looks like a bad Airbnb investment with a projected -15.16% first-year return on $110k initial cash invested.

-15.16%

Cash On Cash

2.33%

Cap Rate

0.39

DSCR

$2,000

Rent

-$1,395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,000 income − $3,395 expenses = $1,395 out of pocket

Income$2,000Out of Pocket$1,395Mortgage P&I$2,169108%Property Taxes$1126%Insurance$1548%Management$30015%CapEx$804%Maintenance$804%Other$50025%

Investment Breakdown

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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

$2,000

Total Expenses

$3,395

Mortgage P&I

108%

$2,169

Property Taxes

6%

$112

Home Insurance

8%

$154

HOA

0%

$0

Property Management

15%

$300

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$500

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