REI Lense

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$3,021 (target)

44203 Covington Rdg, Hammond, LA 70403

beds • baths • 2320 sqft

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This property might be a fair Mid-Term investment with a projected 2.75% first-year return on $68,398 initial cash invested.

2.75%

Cash On Cash

7.02%

Cap Rate

1.17

DSCR

$3,021

Rent

$157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,021 income − $2,864 expenses = $157 cash flow

Income$3,021Mortgage P&I$1,62654%Property Taxes$963%Insurance$1144%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%Cash Flow$157

Investment Breakdown

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Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,398

Downpayment

20%

$65,140

Closing costs

1%

$3,257

Rehab

0%

$0

Furnishing

0%

$1

Cashflow

Total Income

$3,021

Total Expenses

$2,864

Mortgage P&I

54%

$1,626

Property Taxes

3%

$96

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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