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$2,896 (target)

153 Penn Mill Lakes Blvd, Covington, LA 70435

3 beds • 2 baths • 1510 sqft

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This property might be a fair Mid-Term investment with a projected 8.93% first-year return on $66,531 initial cash invested.

8.93%

Cash On Cash

9.37%

Cap Rate

1.51

DSCR

$2,896

Rent

$495

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,896 income − $2,401 expenses = $495 cash flow

Income$2,896Mortgage P&I$1,19341%Property Taxes$833%Insurance$913%HOA$482%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%Cash Flow$495

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,531

Downpayment

20%

$46,220

Closing costs

1%

$2,311

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,896

Total Expenses

$2,401

Mortgage P&I

41%

$1,193

Property Taxes

3%

$83

Home Insurance

3%

$91

HOA

2%

$48

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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