REI Lense

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$4,296 (target)

20010 5th Ave, Covington, LA 70433

3 beds • 3 baths • 2461 sqft

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This property might be a fair Mid-Term investment with a projected 9.59% first-year return on $92,739 initial cash invested.

9.59%

Cash On Cash

9.27%

Cap Rate

1.5

DSCR

$4,296

Rent

$741

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,296 income − $3,555 expenses = $741 cash flow

Income$4,296Mortgage P&I$1,83743%Property Taxes$1253%Insurance$1313%Management$51612%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47311%Cash Flow$741

Investment Breakdown

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Purchase Price

$356k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,739

Downpayment

20%

$71,180

Closing costs

1%

$3,559

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,296

Total Expenses

$3,555

Mortgage P&I

43%

$1,837

Property Taxes

3%

$125

Home Insurance

3%

$131

HOA

0%

$0

Property Management

12%

$516

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$473

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