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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 -22.55% first-year return on $190k initial cash invested.

-22.55%

Cash On Cash

0.72%

Cap Rate

0.12

DSCR

$2,544

Rent

-$3,572

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,544 income − $6,116 expenses = $3,572 out of pocket

Income$2,544Out of Pocket$3,572Mortgage P&I$3,959156%Property Taxes$50220%Insurance$29712%HOA$1365%Management$38215%CapEx$1024%Maintenance$1024%Other$63625%

Investment Breakdown

|

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

$2,544

Total Expenses

$6,116

Mortgage P&I

156%

$3,959

Property Taxes

20%

$502

Home Insurance

12%

$297

HOA

5%

$136

Property Management

15%

$382

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$636

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