REI Lense

REI Lense

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$1,901 (target)

70058 3rd St, Covington, LA 70433

3 beds • 2 baths • 1478 sqft

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This property looks like a bad Long-Term investment with a projected -0.79% first-year return on $49,980 initial cash invested.

-0.79%

Cash On Cash

6.55%

Cap Rate

1.05

DSCR

$1,901

Rent

-$33

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,901 income − $1,934 expenses = $33 out of pocket

Income$1,901Out of Pocket$33Mortgage P&I$1,23865%Property Taxes$1166%Insurance$865%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$238k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,980

Downpayment

20%

$47,600

Closing costs

1%

$2,380

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,901

Total Expenses

$1,934

Mortgage P&I

65%

$1,238

Property Taxes

6%

$116

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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