REI Lense

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$3,578 (target)

219 Covington Dr, Benton, LA 71006

3 beds • 2 baths • 2220 sqft

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This property might be a fair Mid-Term investment with a projected 2.03% first-year return on $95,679 initial cash invested.

2.03%

Cash On Cash

6.77%

Cap Rate

1.17

DSCR

$3,578

Rent

$162

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,578 income − $3,416 expenses = $162 cash flow

Income$3,578Mortgage P&I$1,78350%Property Taxes$2878%Insurance$1304%Management$42912%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39411%Cash Flow$162

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,578

Total Expenses

$3,416

Mortgage P&I

50%

$1,783

Property Taxes

8%

$287

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$394

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