REI Lense

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$3,093 (target)

424 E Magee St, Covington, LA 70433

3 beds • 2 baths • 1602 sqft

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This property might be a fair Mid-Term investment with a projected 5.22% first-year return on $79,509 initial cash invested.

5.22%

Cash On Cash

8.12%

Cap Rate

1.31

DSCR

$3,093

Rent

$346

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,093 income − $2,747 expenses = $346 cash flow

Income$3,093Mortgage P&I$1,51249%Property Taxes$783%Insurance$1053%Management$37112%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34011%Cash Flow$346

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,509

Downpayment

20%

$58,580

Closing costs

1%

$2,929

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,093

Total Expenses

$2,747

Mortgage P&I

49%

$1,512

Property Taxes

3%

$78

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$371

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$340

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