REI Lense

REI Lense

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$1,850 (target)

82330 Highway 437, Covington, LA 70435

3 beds • 2 baths • 1362 sqft

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This property might be a fair Long-Term investment with a projected 0.84% first-year return on $47,250 initial cash invested.

0.84%

Cash On Cash

6.82%

Cap Rate

1.11

DSCR

$1,850

Rent

$33

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,850 income − $1,817 expenses = $33 cash flow

Income$1,850Mortgage P&I$1,15362%Property Taxes$1056%Insurance$794%Management$18510%CapEx$925%Vacancy$1116%Maintenance$925%Cash Flow$33

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,850

Total Expenses

$1,817

Mortgage P&I

62%

$1,153

Property Taxes

6%

$105

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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