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20035 Kenny Ln, Covington, LA 70435

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Airbnb investment with a projected -11.12% first-year return on $92,550 initial cash invested.

-11.12%

Cash On Cash

3.53%

Cap Rate

0.58

DSCR

$2,472

Rent

-$858

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,472 income − $3,330 expenses = $858 out of pocket

Income$2,472Out of Pocket$858Mortgage P&I$1,80373%Property Taxes$2169%Insurance$1245%Management$37115%CapEx$994%Maintenance$994%Other$61825%

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,550

Downpayment

20%

$71,000

Closing costs

1%

$3,550

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,472

Total Expenses

$3,330

Mortgage P&I

73%

$1,803

Property Taxes

9%

$216

Home Insurance

5%

$124

HOA

0%

$0

Property Management

15%

$371

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$618

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