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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 -11.63% first-year return on $92,550 initial cash invested.

-11.63%

Cash On Cash

3.39%

Cap Rate

0.56

DSCR

$2,396

Rent

-$897

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,396 income − $3,293 expenses = $897 out of pocket

Income$2,396Out of Pocket$897Mortgage P&I$1,80375%Property Taxes$2169%Insurance$1245%Management$35915%CapEx$964%Maintenance$964%Other$59925%

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

$2,396

Total Expenses

$3,293

Mortgage P&I

75%

$1,803

Property Taxes

9%

$216

Home Insurance

5%

$124

HOA

0%

$0

Property Management

15%

$359

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$599

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