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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 -6.02% first-year return on $90,513 initial cash invested.

-6.02%

Cash On Cash

4.72%

Cap Rate

0.8

DSCR

$2,952

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,952 income − $3,406 expenses = $454 out of pocket

Income$2,952Out of Pocket$454Mortgage P&I$1,69357%Property Taxes$1746%Insurance$1224%Management$44315%CapEx$1184%Maintenance$1184%Other$73825%

Investment Breakdown

|

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

$2,952

Total Expenses

$3,406

Mortgage P&I

57%

$1,693

Property Taxes

6%

$174

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$443

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$738

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