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$1,931 (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 Long-Term investment with a projected 0.32% first-year return on $48,531 initial cash invested.

0.32%

Cash On Cash

6.77%

Cap Rate

1.09

DSCR

$1,931

Rent

$13

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,931 income − $1,918 expenses = $13 cash flow

Income$1,931Mortgage P&I$1,19362%Property Taxes$834%Insurance$915%HOA$482%Management$19310%CapEx$975%Vacancy$1166%Maintenance$975%Cash Flow$13

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,531

Downpayment

20%

$46,220

Closing costs

1%

$2,311

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,931

Total Expenses

$1,918

Mortgage P&I

62%

$1,193

Property Taxes

4%

$83

Home Insurance

5%

$91

HOA

2%

$48

Property Management

10%

$193

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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