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44203 Covington Rdg, Hammond, LA 70403

beds • baths • 2320 sqft

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This property looks like a bad Airbnb investment with a projected -17.51% first-year return on $68,398 initial cash invested.

-17.51%

Cash On Cash

2.55%

Cap Rate

0.43

DSCR

$1,611

Rent

-$998

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,611 income − $2,609 expenses = $998 out of pocket

Income$1,611Out of Pocket$998Mortgage P&I$1,626101%Property Taxes$966%Insurance$1147%Management$24215%CapEx$644%Maintenance$644%Other$40325%

Investment Breakdown

|

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

$1,611

Total Expenses

$2,609

Mortgage P&I

101%

$1,626

Property Taxes

6%

$96

Home Insurance

7%

$114

HOA

0%

$0

Property Management

15%

$242

CapEx

4%

$64

Vacancy

0%

$0

Maintenance

4%

$64

Other

25%

$403

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