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82330 Highway 437, Covington, LA 70435

3 beds • 2 baths • 1362 sqft

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This property looks like a bad Airbnb investment with a projected -3.33% first-year return on $65,250 initial cash invested.

-3.33%

Cash On Cash

5.66%

Cap Rate

0.92

DSCR

$2,224

Rent

-$181

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,224 income − $2,405 expenses = $181 out of pocket

Income$2,224Out of Pocket$181Mortgage P&I$1,15352%Property Taxes$1055%Insurance$794%Management$33415%CapEx$894%Maintenance$894%Other$55625%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,224

Total Expenses

$2,405

Mortgage P&I

52%

$1,153

Property Taxes

5%

$105

Home Insurance

4%

$79

HOA

0%

$0

Property Management

15%

$334

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$556

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