REI Lense

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$1,645 (target)

70462 D St, Covington, LA 70433

3 beds • 2 baths • 1200 sqft

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This property might be a fair Long-Term investment with a projected 2.46% first-year return on $40,992 initial cash invested.

2.46%

Cash On Cash

7.15%

Cap Rate

1.17

DSCR

$1,645

Rent

$84

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,645 income − $1,561 expenses = $84 cash flow

Income$1,645Mortgage P&I$99761%Property Taxes$674%Insurance$704%Management$16410%CapEx$825%Vacancy$996%Maintenance$825%Cash Flow$84

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,992

Downpayment

20%

$39,040

Closing costs

1%

$1,952

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,645

Total Expenses

$1,561

Mortgage P&I

61%

$997

Property Taxes

4%

$67

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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