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501 N Corniche Du Lac, Covington, LA 70433

3 beds • 3 baths • 2979 sqft

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This property looks like a bad Airbnb investment with a projected -22.98% first-year return on $190k initial cash invested.

-22.98%

Cash On Cash

0.61%

Cap Rate

0.1

DSCR

$2,411

Rent

-$3,640

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,411 income − $6,051 expenses = $3,640 out of pocket

Income$2,411Out of Pocket$3,640Mortgage P&I$3,959164%Property Taxes$50221%Insurance$29712%HOA$1366%Management$36215%CapEx$964%Maintenance$964%Other$60325%

Investment Breakdown

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Purchase Price

$819k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$190k

Downpayment

20%

$164k

Closing costs

1%

$8,193

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,411

Total Expenses

$6,051

Mortgage P&I

164%

$3,959

Property Taxes

21%

$502

Home Insurance

12%

$297

HOA

6%

$136

Property Management

15%

$362

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$603

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