REI Lense

REI Lense

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$3,081 (target)

14274 Riverlake Dr, Covington, LA 70435

3 beds • 2 baths • 1830 sqft

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This property might be a fair Mid-Term investment with a projected 1.82% first-year return on $83,793 initial cash invested.

1.82%

Cash On Cash

6.97%

Cap Rate

1.16

DSCR

$3,081

Rent

$127

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$313k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,793

Downpayment

20%

$62,660

Closing costs

1%

$3,133

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,081

Total Expenses

$2,954

Mortgage P&I

51%

$1,570

Property Taxes

6%

$177

Home Insurance

4%

$112

HOA

2%

$48

Property Management

12%

$370

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$339

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