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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 -3.92% first-year return on $65,250 initial cash invested.

-3.92%

Cash On Cash

5.48%

Cap Rate

0.89

DSCR

$2,163

Rent

-$213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,163 income − $2,376 expenses = $213 out of pocket

Income$2,163Out of Pocket$213Mortgage P&I$1,15353%Property Taxes$1055%Insurance$794%Management$32415%CapEx$874%Maintenance$874%Other$54125%

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

$2,163

Total Expenses

$2,376

Mortgage P&I

53%

$1,153

Property Taxes

5%

$105

Home Insurance

4%

$79

HOA

0%

$0

Property Management

15%

$324

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$541

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