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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 -24.02% first-year return on $248k initial cash invested.

-24.02%

Cash On Cash

0.7%

Cap Rate

0.12

DSCR

$3,192

Rent

-$4,963

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

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

$3,192

Total Expenses

$8,155

Mortgage P&I

171%

$5,471

Property Taxes

19%

$618

Home Insurance

12%

$383

HOA

5%

$150

Property Management

15%

$479

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$798

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