REI Lense

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$2,513 (target)

1305 Abita River Dr, Covington, LA 70433

3 beds • 3 baths • 2267 sqft

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This property looks like a bad Long-Term investment with a projected -12.24% first-year return on $101k initial cash invested.

-12.24%

Cash On Cash

3.73%

Cap Rate

0.62

DSCR

$2,513

Rent

-$1,027

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,513 income − $3,540 expenses = $1,027 out of pocket

Income$2,513Out of Pocket$1,027Mortgage P&I$2,39295%Property Taxes$29812%Insurance$1717%HOA$251%Management$25110%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$95,860

Closing costs

1%

$4,793

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,513

Total Expenses

$3,540

Mortgage P&I

95%

$2,392

Property Taxes

12%

$298

Home Insurance

7%

$171

HOA

1%

$25

Property Management

10%

$251

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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