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4053 Monarch Ln, Covington, LA 70433

3 beds • 2 baths • 1740 sqft

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This property looks like a bad Airbnb investment with a projected -6.99% first-year return on $99,690 initial cash invested.

-6.99%

Cash On Cash

4.39%

Cap Rate

0.76

DSCR

$3,495

Rent

-$581

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,495

Total Expenses

$4,076

Mortgage P&I

53%

$1,863

Property Taxes

10%

$345

Home Insurance

4%

$136

HOA

2%

$54

Property Management

15%

$524

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$874

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