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15 S Division Dr, Covington, LA 70433

3 beds • 3 baths • 2256 sqft

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This property looks like a bad Airbnb investment with a projected -8.76% first-year return on $90,513 initial cash invested.

-8.76%

Cash On Cash

3.94%

Cap Rate

0.67

DSCR

$2,553

Rent

-$661

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

$2,553

Total Expenses

$3,214

Mortgage P&I

66%

$1,693

Property Taxes

7%

$174

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$383

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$638

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