REI Lense

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$5,144 (target)

69170 4th Ave, Covington, LA 70433

3 beds • 3 baths • 3403 sqft

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This property might be a fair Mid-Term investment with a projected 6.29% first-year return on $120k initial cash invested.

6.29%

Cash On Cash

8.19%

Cap Rate

1.34

DSCR

$5,144

Rent

$629

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,144 income − $4,515 expenses = $629 cash flow

Income$5,144Mortgage P&I$2,47848%Property Taxes$1182%Insurance$1703%Management$61712%CapEx$2064%Vacancy$1543%Maintenance$2064%Other$56611%Cash Flow$629

Investment Breakdown

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Purchase Price

$486k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,140

Closing costs

1%

$4,857

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,144

Total Expenses

$4,515

Mortgage P&I

48%

$2,478

Property Taxes

2%

$118

Home Insurance

3%

$170

HOA

0%

$0

Property Management

12%

$617

CapEx

4%

$206

Vacancy

3%

$154

Maintenance

4%

$206

Other

11%

$566

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