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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 -2.46% first-year return on $65,250 initial cash invested.

-2.46%

Cash On Cash

5.93%

Cap Rate

0.96

DSCR

$2,315

Rent

-$134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,315 income − $2,449 expenses = $134 out of pocket

Income$2,315Out of Pocket$134Mortgage P&I$1,15350%Property Taxes$1055%Insurance$793%Management$34715%CapEx$934%Maintenance$934%Other$57925%

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

$2,315

Total Expenses

$2,449

Mortgage P&I

50%

$1,153

Property Taxes

5%

$105

Home Insurance

3%

$79

HOA

0%

$0

Property Management

15%

$347

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$579

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