REI Lense

REI Lense

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$3,590 (target)

15 S Division Dr, Covington, LA 70433

3 beds • 3 baths • 2256 sqft

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This property might be a fair Mid-Term investment with a projected 5.02% first-year return on $90,513 initial cash invested.

5.02%

Cash On Cash

7.7%

Cap Rate

1.31

DSCR

$3,590

Rent

$379

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,513

Downpayment

20%

$69,060

Closing costs

1%

$3,453

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,590

Total Expenses

$3,211

Mortgage P&I

47%

$1,693

Property Taxes

5%

$174

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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