REI Lense

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$2,748 (target)

24445 Sanders Rd, Covington, LA 70435

3 beds • 2 baths • 1378 sqft

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This property might be a fair Mid-Term investment with a projected 3.54% first-year return on $73,944 initial cash invested.

3.54%

Cash On Cash

7.55%

Cap Rate

1.24

DSCR

$2,748

Rent

$218

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,748 income − $2,530 expenses = $218 cash flow

Income$2,748Mortgage P&I$1,34749%Property Taxes$1526%Insurance$974%Management$33012%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30211%Cash Flow$218

Investment Breakdown

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Purchase Price

$266k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,944

Downpayment

20%

$53,280

Closing costs

1%

$2,664

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,748

Total Expenses

$2,530

Mortgage P&I

49%

$1,347

Property Taxes

6%

$152

Home Insurance

4%

$97

HOA

0%

$0

Property Management

12%

$330

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$302

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