REI Lense

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$2,183 (target)

217 W Saint Mary Dr, Covington, LA 70433

3 beds • 2 baths • 1561 sqft

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This property might be a fair Long-Term investment with a projected 4.55% first-year return on $52,479 initial cash invested.

4.55%

Cash On Cash

7.63%

Cap Rate

1.24

DSCR

$2,183

Rent

$199

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,183 income − $1,984 expenses = $199 cash flow

Income$2,183Mortgage P&I$1,28059%Property Taxes$814%Insurance$563%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%Cash Flow$199

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,183

Total Expenses

$1,984

Mortgage P&I

59%

$1,280

Property Taxes

4%

$81

Home Insurance

3%

$56

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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