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$2,618 (target)

70296 F St, Covington, LA 70433

3 beds • 2 baths • 1369 sqft

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This property might be a fair Mid-Term investment with a projected 7.49% first-year return on $60,693 initial cash invested.

7.49%

Cash On Cash

9.54%

Cap Rate

1.43

DSCR

$2,618

Rent

$379

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,618 income − $2,239 expenses = $379 cash flow

Income$2,618Mortgage P&I$1,13243%Property Taxes$1435%Insurance$733%Management$31412%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28811%Cash Flow$379

Investment Breakdown

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Purchase Price

$203k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,693

Downpayment

20%

$40,660

Closing costs

1%

$2,033

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,618

Total Expenses

$2,239

Mortgage P&I

43%

$1,132

Property Taxes

5%

$143

Home Insurance

3%

$73

HOA

0%

$0

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$288

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