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$3,778 (target)

81170 Section Rd, Covington, LA 70435

3 beds • 2 baths • 2554 sqft

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This property might be a fair Mid-Term investment with a projected 3.36% first-year return on $99,648 initial cash invested.

3.36%

Cash On Cash

7.3%

Cap Rate

1.22

DSCR

$3,778

Rent

$279

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,778 income − $3,499 expenses = $279 cash flow

Income$3,778Mortgage P&I$1,93451%Property Taxes$1414%Insurance$1404%Management$45312%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41611%Cash Flow$279

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,648

Downpayment

20%

$77,760

Closing costs

1%

$3,888

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,778

Total Expenses

$3,499

Mortgage P&I

51%

$1,934

Property Taxes

4%

$141

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$453

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$416

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