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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 -17.79% first-year return on $68,398 initial cash invested.

-17.79%

Cash On Cash

2.49%

Cap Rate

0.42

DSCR

$1,580

Rent

-$1,014

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,580 income − $2,594 expenses = $1,014 out of pocket

Income$1,580Out of Pocket$1,014Mortgage P&I$1,626103%Property Taxes$966%Insurance$1147%Management$23715%CapEx$634%Maintenance$634%Other$39525%

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

$1,580

Total Expenses

$2,594

Mortgage P&I

103%

$1,626

Property Taxes

6%

$96

Home Insurance

7%

$114

HOA

0%

$0

Property Management

15%

$237

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$395

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