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$2,581 (target)

504 Mount Hope Ct, Covington, LA 70433

3 beds • 3 baths • 1966 sqft

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This property looks like a bad Long-Term investment with a projected -19.26% first-year return on $140k initial cash invested.

-19.26%

Cash On Cash

2.29%

Cap Rate

0.38

DSCR

$2,581

Rent

-$2,241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,581 income − $4,822 expenses = $2,241 out of pocket

Income$2,581Out of Pocket$2,241Mortgage P&I$3,383131%Property Taxes$40516%Insurance$2339%HOA$1305%Management$25810%CapEx$1295%Vacancy$1556%Maintenance$1295%

Investment Breakdown

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Purchase Price

$665k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$133k

Closing costs

1%

$6,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,581

Total Expenses

$4,822

Mortgage P&I

131%

$3,383

Property Taxes

16%

$405

Home Insurance

9%

$233

HOA

5%

$130

Property Management

10%

$258

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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