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223 W 9th Ave, Covington, LA 70433

3 beds • 3 baths • 2150 sqft

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This property might be a fair Mid-Term investment with a projected 6.75% first-year return on $79,446 initial cash invested.

6.75%

Cash On Cash

8.14%

Cap Rate

1.41

DSCR

$3,216

Rent

$447

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,446

Downpayment

20%

$58,520

Closing costs

1%

$2,926

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,216

Total Expenses

$2,769

Mortgage P&I

44%

$1,410

Property Taxes

5%

$160

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$96

Maintenance

4%

$129

Other

11%

$354

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