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$3,021 (target)

75506 Joyce Dr, Covington, LA 70435

3 beds • 2 baths • 1522 sqft

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This property might be a fair Mid-Term investment with a projected 6.18% first-year return on $73,440 initial cash invested.

6.18%

Cash On Cash

8.3%

Cap Rate

1.38

DSCR

$3,021

Rent

$378

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,021 income − $2,643 expenses = $378 cash flow

Income$3,021Mortgage P&I$1,32844%Property Taxes$1615%Insurance$933%HOA$331%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%Cash Flow$378

Investment Breakdown

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Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,440

Downpayment

20%

$52,800

Closing costs

1%

$2,640

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,021

Total Expenses

$2,643

Mortgage P&I

44%

$1,328

Property Taxes

5%

$161

Home Insurance

3%

$93

HOA

1%

$33

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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