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223 W 9th Ave, Covington, LA 70433

3 beds • 3 baths • 2150 sqft

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This property looks like a bad Airbnb investment with a projected -1.21% first-year return on $79,446 initial cash invested.

-1.21%

Cash On Cash

5.96%

Cap Rate

1.03

DSCR

$3,068

Rent

-$80

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

$3,068

Total Expenses

$3,148

Mortgage P&I

46%

$1,410

Property Taxes

5%

$160

Home Insurance

3%

$105

HOA

0%

$0

Property Management

15%

$460

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$767

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