REI Lense

REI Lense

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$1,720 (target)

71259 Shady Lake Dr, Covington, LA 70433

3 beds • 2 baths • 1225 sqft

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This property looks like a bad Long-Term investment with a projected -0.67% first-year return on $44,478 initial cash invested.

-0.67%

Cash On Cash

6.43%

Cap Rate

1.06

DSCR

$1,720

Rent

-$25

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$212k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,478

Downpayment

20%

$42,360

Closing costs

1%

$2,118

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,720

Total Expenses

$1,745

Mortgage P&I

62%

$1,074

Property Taxes

9%

$147

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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