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$2,852 (target)

70058 3rd St, Covington, LA 70433

3 beds • 2 baths • 1478 sqft

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This property might be a fair Mid-Term investment with a projected 7.8% first-year return on $67,980 initial cash invested.

7.8%

Cash On Cash

9.05%

Cap Rate

1.45

DSCR

$2,852

Rent

$442

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,852 income − $2,410 expenses = $442 cash flow

Income$2,852Mortgage P&I$1,23843%Property Taxes$1164%Insurance$863%Management$34212%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%Cash Flow$442

Investment Breakdown

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Purchase Price

$238k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,980

Downpayment

20%

$47,600

Closing costs

1%

$2,380

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,852

Total Expenses

$2,410

Mortgage P&I

43%

$1,238

Property Taxes

4%

$116

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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