REI Lense

REI Lense

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$1,876 (target)

70015 7th St, Covington, LA 70433

3 beds • 2 baths • 1439 sqft

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This property might be a fair Long-Term investment with a projected 2.65% first-year return on $47,985 initial cash invested.

2.65%

Cash On Cash

6.81%

Cap Rate

1.18

DSCR

$1,876

Rent

$106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,985

Downpayment

20%

$45,700

Closing costs

1%

$2,285

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,876

Total Expenses

$1,770

Mortgage P&I

58%

$1,096

Property Taxes

5%

$103

Home Insurance

4%

$82

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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