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$3,099 (target)

24 Hickory Dr, Covington, LA 70433

3 beds • 2 baths • 1758 sqft

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This property might be a fair Mid-Term investment with a projected 6.48% first-year return on $73,650 initial cash invested.

6.48%

Cash On Cash

8.97%

Cap Rate

1.36

DSCR

$3,099

Rent

$398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,099 income − $2,701 expenses = $398 cash flow

Income$3,099Mortgage P&I$1,45847%Property Taxes$963%Insurance$933%Management$37212%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34111%Cash Flow$398

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,099

Total Expenses

$2,701

Mortgage P&I

47%

$1,458

Property Taxes

3%

$96

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$372

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$341

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