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$3,136 (target)

704 Branch Crossing Dr, Covington, LA 70435

3 beds • 2 baths • 1690 sqft

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This property might be a fair Mid-Term investment with a projected 4.77% first-year return on $73,482 initial cash invested.

4.77%

Cash On Cash

8.5%

Cap Rate

1.29

DSCR

$3,136

Rent

$292

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,136 income − $2,844 expenses = $292 cash flow

Income$3,136Mortgage P&I$1,45446%Property Taxes$1996%Insurance$943%HOA$321%Management$37612%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34511%Cash Flow$292

Investment Breakdown

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Purchase Price

$264k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,482

Downpayment

20%

$52,840

Closing costs

1%

$2,642

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,136

Total Expenses

$2,844

Mortgage P&I

46%

$1,454

Property Taxes

6%

$199

Home Insurance

3%

$94

HOA

1%

$32

Property Management

12%

$376

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$345

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