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8 Mulberry Point, Covington, LA 70433

3 beds • 3 baths • 3946 sqft

$1,095,000

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This property looks like a bad Airbnb investment with a projected -24.79% first-year return on $248k initial cash invested.

-24.79%

Cash On Cash

0.51%

Cap Rate

0.08

DSCR

$2,883

Rent

-$5,122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,883 income − $8,005 expenses = $5,122 out of pocket

Income$2,883Out of Pocket$5,122Mortgage P&I$5,471190%Property Taxes$61821%Insurance$38313%HOA$1505%Management$43215%CapEx$1154%Maintenance$1154%Other$72125%

Investment Breakdown

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Purchase Price

$1095k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$248k

Downpayment

20%

$219k

Closing costs

1%

$10,950

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,883

Total Expenses

$8,005

Mortgage P&I

190%

$5,471

Property Taxes

21%

$618

Home Insurance

13%

$383

HOA

5%

$150

Property Management

15%

$432

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$721

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