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$2,931 (target)

20383 Smith Rd, Covington, LA 70435

3 beds • 2 baths • 1784 sqft

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This property could be a profitable Mid-Term investment with a projected 18.75% first-year return on $53,637 initial cash invested.

18.75%

Cash On Cash

13.39%

Cap Rate

2.02

DSCR

$2,931

Rent

$838

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,931 income − $2,093 expenses = $838 cash flow

Income$2,931Mortgage P&I$93832%Property Taxes$1003%Insurance$592%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%Cash Flow$838

Investment Breakdown

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Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,637

Downpayment

20%

$33,940

Closing costs

1%

$1,697

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,931

Total Expenses

$2,093

Mortgage P&I

32%

$938

Property Taxes

3%

$100

Home Insurance

2%

$59

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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